GREY:DRGDF - Post by User
Comment by
Weebleon Apr 25, 2017 5:34pm
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Post# 26165140
RE:upgraded today by td, BUY rating 22 target
RE:upgraded today by td, BUY rating 22 targetI think you are right. DGC is a favorite with the traders since it has high leverage to the gold price but also has some liquidity. I find it too hard keep up with the fast moves so I keep a core position and trade with the rest using the longer term moves and the bullish gold miners percentage. Whenever the BPGDM is much below 30 I try to buy and I try to take some profits when it is much over 70. I never want to be totally out since I believe in a long term rise in the gold price and I believe DGC can be a real money making machine. I am not looking for or wanting a buyout but with my luck, the moment I sold it all there would be a bid for the company and I would lose out on a big gain.
Anyway, as you say, the low CDN dollar is very good for them and gold in CDN dollars doesn't look so bad. I think any correction in DGC or the gold price is probably a buying opportunity.
https://stockcharts.com/h-sc/ui?s=$bpgdm
https://stockcharts.com/h-sc/ui?s=%24GOLD:$CAD