Ely Gold Royalties Inc ELYGF

RE:A nice turn around today

[cyanide5]

May be good timing on my part. Sold some MUX which hasn't done well compared to others to buy a bit here. Would have bought some more in high 1.2's or low 1.3's If it got there. 

was 1 day early on my first buy so paid a high prices but I am ok today where the price closed. 

thinking of selling some of my duds which haven't performed to reposition in this weakness. 

have to make some bold moves and may be hold on to some cash for next few weeks. Normally aug and sept are good for gold but after this run up we might see a bit of pull back. Miners barely increased since the run up for 1950 and silver run up from 23-24 dollars. Looks like they are leading right now. 

also gold might form a cup and handle formation before the ultimate run up. It could continue to go higher. Who knows but silver has a lot of catching up to do ... 

it's this stage of the mkt that weak hands are shaken... I do feel there is ways to go so don't want to take on profits too early and miss the biggest leg up in this bull mkt. 

while a lot of ppl are bullish but there is some fear as well which is good cuz if it was all bullish then may be time to sell out.