GREY:ALXDF - Post by User
Comment by
Shylockon Jul 01, 2018 6:11pm
170 Views
Post# 28257710
RE:RE:Potential sale of non-core properties
RE:RE:Potential sale of non-core propertiesbiotechguy1 -
Can't follow your logic in selling off at these prices. Buy low, sell high, not the reverse.
The current situation is temporary. No one needs a permanent solution to a temporary solution. That is financial suicide.
Precious metals and junior exploration stocks are currently very deeply and unreasonably oversold and a bottom could well be anticipated in as little as a few weeks. This corresponds with our departure from the seasonally weak time of the year for the metals and their shares with transitioning into the seasonally strong period.
It is likely a bottom will arrive in a matter of weeks and technically this could be followed by a multi-month price turnaround. Some analysts see gold rising toward 1,700 by the conclusion of this anticipated and likely rally given the crazily oversold nature of the terrain now.
Metals and their proxies, the miners, appear to be at the end of triangle patterns, with upside breakouts probble once the current decline is history. I would therefore be a buyer, not a seller.
The current brou-ha-ha is temporary. This will all be history in not many months. The price of Alexandria will turn around and current buyers will in all probability make out like bandits.
I am holding, certainly not selling a single share. But to each his own.
Good fortune to you whatever you do.