OTCQX:BGMZF - Post by User
Post by
Rollercoasterblueson Jun 07, 2016 3:49pm
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Post# 24943134
Signs are all There for accumulation in Junior Gold stocks
Signs are all There for accumulation in Junior Gold stocksSIGNS.....Fed announcement plus move on USD last couple of days....increased buying on two of many of my measuring sticks (BGM and CDB)........and an announcement that I almost never hear which had me almost steer off of the road.....the business news on the radio 2 times in the last week announcing that there is a noticable uptick in results on the Venture exchange and particularly in resource stocks....HMMM.....I have seen this before and what I think is happening is the real value buyers are moving in on the May-go away and vacationers who sell their stocks so they dont have to worry about them during the summer doldrums....IN OTHER WORDS, I BELIEVE THE VALUE BUYERS ARE MOVING IN AT LEAST ONE-TWO MONTHS EARLIER and when people return back in late Aug/Sept....there will further be a buy in then since those that left will now look at their former stocks more favourably with the 15-40% higher prices than May.....
So...I have begun to accumulate myself back into BGM and CDB but also among others and will watch closely for dips to buy more over the coming weeks.....
Happy times over $1 are a coming this fall or by the winter! (assuming the drill and production news is good)