RE:RE:RE:RE:I'm Excited!mercedesman wrote: theCurse wrote:
Well, it's tough sledding and whether it makes sense or not is irrelevant. It would seem the market is figuring on lower POG in the medium term - we'll see. I re-entered too early on half of what i own now - not fully but enough to not want to bite right now.
And it has had an anchor around it ever since the merger was announced (and lost an on-going 3-5 bucks to date) which is clear when compared to the gdxj.
tC
Too be fair, I think the price action has little to do with the merger, and everything to do with the consolidation period that is happening for Gold at teh moment. Pretty much every gold stock that I own is acting the same way.
MM,
I respectfully (yet completely) disagree. :)
You chart the GDJX to EDV over the last year - up until the day the merger is announced is pretty much an overlay (minor blip here and there as can be expected). Then EDV drops down 10-15% and then continues to track the GDJX perfectly...just 15% lower. Any other gold stock will just track GDJX over the last year as an overlay up until today...especially when they are a part of that index!
Of course the GDJX and all gold stocks (ahem except for MOZ but an explorer so- tg for that bright light) has taken a hit. I'm not sure why but it sure isn't a hit with the current market. perhaps because the deal was made when Teranga was near it's all time highs and EDV not. i don't know.
i would have posted a link with my original post but i though stockcharts removed that feature - turns out they did not
https://schrts.co/JbMcmbVJ
tC