RE:RE:RE:Insider buysThe other
bullish thesis is the last TWO years in a row gold stocks have skyrocketed in January to the spring. Especially 2016 where the rally lasted to July.
Now we go into 2018, with gold equities
dirt cheap, American stocks finally slowing this week, and spot price of gold FAR HIGHER than it's been vs. price going into end December 2016 ($ 1060!) and end December 2017 ($ 1140!).
We are going into 2018
comfortably over $ 1250 with 45 days left to year...key point. Yet the equities nowhere match up to spot price! Insane deviation...something will give soon. Materials (specifically the Precious Metals) have not had a rally in ages and the moment there's sector rotation into this like what happened in 2016...all these midtiers are doubles or triples. Watch out.
There is minuscule $$$ in Precious Metals as a sector from the "big boys"...the moment even just a little goes in by the big funds in NY..the sector will go for a ride.
JIN
JintsuGehan wrote: The stock at a 3 year low pretty much, but more advanced in the "ultimate agenda" of having 4 mines producing. We're almost 2018.. Never seen such destruction to a decent gold miner in such a short time frame...ever.
This was far worse than the hit Pretium took August to September...far worse.
Obviously they are buying for a reason now. Completely blown out of proportion. On every Oversold matrix/RSI reading out there...just do a Google search of KDX.
This needs to rebound back 10 % to show it has finally stabilized. Then get the FC drills results ASAP. What are they waiting for...all miners sold off today so that's why KDX took the afternoon hit which began around 1:30 PM. Oil stocks were hit very heavy too.
PoG though back to $ 1282...this is a no brainer at this price point. As goldminer01 said, the market fully does NOT believe Q4 can be met nor believe management is going to attain corporate guidance at all. If they do, this is due for 25 % - 30 % SP appreciation from now until January.
At least the insider buying. Someone should buy them out - hostile - for $ 4.00 USD and put an end to this. Think of it was almost $ 4.00 USD a month ago hit $ 3.88 USD high.
$ 4.00 USD takeover...everyone is saying YES. Cash offer.
JIN
goldminer01 wrote: A good sign, they bought as soon as the insider window opened. They know October and 1/2 November production numbers, which were not even hinted at during the CC.
Now they need to do their damn jobs.