RE:Cup and Handle PatternBigTT13 wrote: C&H on the daily and the weekly charts.
bottom of the handle forming. Critical juncture, can break up or down. $4.50/4.60 should hold.
Buy backs and Q1 (early release) financials would be nice here.
GLTA
As I mentioned before I can't see a buyback occurring (did they even apply for an NCIB?) and still believe they'll do a financing at some point. As well, as mentioned before, increasing interest rates will affect them not just for debt servicing costs (variable/floating interest rate) but increasing rates will affect future cash flow value which, ultimately, also affects a company's value. Value is subjective though, only worth what someone is wiling to pay and only as good as numbers used.
The world revolves around the Fed and the Fed's cost of money. I won't be surprised to see a 50bps or greater Fed increase coming soon and more will follow for at least the remainder of the year depending how aggressive they move. Aggressive seems to be the keyword. They seem to be jawboning the market in that direction lately.
All debt laden companies and people will feel the pain.