Ely Gold Royalties Inc ELYGF

RE:RE:RE:Big jump today!

[feenewbie]

Hey colt - been awhile:)  Nice to see the gap at $1.34 tagged. You are such a good gap predictor. Whatever indicators works for each individual = good to share.  I'm catching up on some "sharing" today.  A little concerned about the moving averages - the 100 day at $1.53 just crossed the 50 day = could be a death cross forming, but need confirmation of another trading session. Seeing buyers today, so it could be invalidated!  Gold is expected to be extremely volatile (we've noticed lol).  IMO it may be in a new wave 3 selling, but should see a bounce (Ely has, another lol), then possibly down  Watching GDX/GDXJ closely, as the miners tend to be the "early warning" predictor that the gold price may be heading down. USD of course is huge - if it invalidates its b/o then all bets are  off and up gold goes.  But gold doesn't go anywhere without the yen and $JPYUSD is still negative today    I'm on the sidelines (still long in Ely) as I'm looking for gold to possibly bottom in October (hopefully buying the dip) and then a large run-up into the latter part of the year/early 2021. Regardless, staying long doesn't look to be a problem with the expected run-up, but keeping capital free for other opps that may present. While the general US markets are up today, IMO the SPX needs to see 3350 area, otherwise it may just possibly be volatile static.   Any other thoughts out there? Jimbojim - USD thoughts? Always a good read ShylockReturns - your posts brought me up-to-date pretty quickly!  GL all!