Ely Gold Royalties Inc ELYGF

POG vs Sr. miners ETF (GDX)

[feenewbie]

Anyone notice the disparity between the POG and the Sr. Miners?  While POG continues to rise, Sr. Miners can't seem to follow and are trading somewhat sideways.  Price is very volatile.   As flashcash noted, rising POG = $$ for Ely.  That said, IMO it may be that investors are eyeing mining companies' Q2 results cautiously re closures from Covid, hence the royalty companies may be under some pressure until that issue is resolved (EMX and Sandstorm have been trending lower too). This could then perhaps translate into some nice $$ down the road. Thoughts anyone?

(Colt it looks like all of your gaps have been filled - but I'm not sure anyone would thank you for it, lol!)

TA's for those interested:  Hah - TA's  changed quickly as I was typing this lol - buyers bought the lows!!!

As they could still be applicable, I will provide the TA's anyway:  Ely may soon see an oversold bounce (RSI coming down to below 30?).  A double bottom may come into play and would be welcome for a potential bounce up.  Daily Slow Stochastic is now under 20 - some investors consider a Slow Sto under 20, with an improving RSI, a buying opportunity.  In looking at Ely's chart history, Ely usually bounces from this low Sto area, so IMO, selling at this level is a confliction of the buy low/sell high strategy = hold if you can IMO?????.   It could still go lower into the Slow Sto area, so it should probably not be considered a short term momo play, unless you are a trader rather than investor.  (All IMO so consider your individual risk tolerance!)

[Shylockreturns]

feenewbie - Thanks for the TA. Regarding the disparity between the POG and the senior producers, the normal cycle is for gold to lead initially and the seniors to follow before surpassing the rate of price rise of the bullion? That is the way it has been in every gold bull market I can recall . . . At the present price of gold the miners are going to be awash with cash and the price of gold

[colt45acp]

sHYLOCKRETURNS, yO sold KRR ( SEEM TO BE HEADING SOUTH) bOUGHT MORE BNCH. bELIEVE YOU MADE A COMMENT ABOUT BNCH ( NOW 1.24) .Any update on that. What did you think about that R/S on KRR. wOULD LIKE YOUR OPINION BUT I DO NOT THINK I WILL LIKE IT. I am all ears, well maybe other body parts also. lol.

[Shylockreturns]

colt45acp - Not usre what you are meaning in the first sentence with the caps lock on :-) I said BNCH was in "elephant country" and looked good but for its being in anti-mining BC. ("Again, as for BNCH, it looks good to me but I would like it a whole lot more if it was in QC!") They came out with a nice drill report this morning and the share climbed, which is good for

[colt45acp]

Ok, sorry. Sold my KRR stock because they were doing a R/S 4.5 -1 and bought more BNCH. The R/S i was asking your thoughts on the split but mention i might not like your answer but it would be honest so that would be good. At least that was my intention. Thank you. 

[colt45acp]

Shylockreturns my last post yesterday was for you. Anyway if you see it respond if you like. glta.

[Shylockreturns]

colt45acp - Generally, reverse splits in any stock are a big, fat negative and a red flag that something is wrong. They are seen by the market as a desperation move for some reason which may not be apparent at the time of the split but becomes so subsequently. Stay away would be my advice.

[colt45acp]

Well thank you we do seem to agree so that is good. KRR at this moment is behaving the way i thought it would after R/S.  hAPPIER now that i got out. Thanks again..

[Shylockreturns]

Any time. You are always welcome for my meager knowledge. Best of fortune to you.

[feenewbie]

Will have to look at my charts again when I have a moment - have to run a chore.