Hedgefund, I'd like to counter your bias, but I agree with your view, toppy, I also agree with a continued gold rally here. While my perspective may be a bit tainted, I am of the opinion that there are large and growing global issues to name a few, ISIS in Russia, Syria and the chemical bombing, North Korea being run by a nut, and last we have an out of control twitter maniac trying to divert and deflect whats really going on.
Those issues alone would bring everyone to be a gold believer, but alas, there are always a contraire, which is good keeps us all balanced.
Overall, really like what I see in the charts and it sounds by you’er writing you have a swing towards the T/A, and like you, I like to have some one counter my bias: here are my opinions on this:
PPO: forming a nice tech pattern and holding the channel, movement maybe another ten cents here, till a cooling off or side ways or a slide re trace the graph to week of Feb 18th ( not the price, just the graph )
MA: 50/200 locked in at .24/.25 that should be the base if it re trenches here, volume changes everything here
CMF: Just starting to cross over the 50 pt line turning to the absolute positive, the vector takes it to .41-.43 ( news changes everything here )
P & F: break out is .48
anyone out there see anything different?
What do we know: First off they are doing what every shareholder wants in a management team, going out promoting the company and a global audience hurts no one.
We have a great management team, an amazing partner that knows how to make money and find success
We have money in the bank
We have drills turning and more to follow
We are in the best area play in Canada ( like to see some one argue that point to the negative)
Are partner has never stoped drilling, their last resource report was 2015 and it was inferred and indicated to 2M oz of Au on 7.62 g/t
( new numbers going to take this to 3-4M oz category or higher) If I were to bet, this won’t get done until November ? 400,000 mt drill program
under way and BFD has not announced their intention as of yet with their $8M
If I have missed anything, have at er here, we only all profit by exchange of ideas, bias or not the down strokes are the big boys trying to scare the little guys out of the market, thats why they are pros, but its just a game for them, remember to breathe and take one up tick with two down
there will come a point when things will slow down, don’t be anxious to sell this, to early
We have only just begun (circa 70’s The Carpenters) this is pointing to be a play that all bets will come off after the next resource reports come to market. Kinross and OSK are in this to make money and to explore. Mine production is totally someone else’s game.
J103