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Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

Metals & Mining Industrial Metals & Minerals
Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an... see more

OTCQX:ELYGF - Post Discussion

Ely Gold Royalties Inc > Looks like ELY has now bottomed
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Post by Shylockreturns on Sep 04, 2020 2:54pm

Looks like ELY has now bottomed

and is in the ascendency.

This share has huge room for a strong upward move with blue sky from horizon to horizon.

Great good fortune to all.
Comment by AngelEyes3 on Sep 04, 2020 8:57pm
I agree with your comments. I think it bottomed at 1.36 today and the chart shows this point.  We have had a 33 percent retracement from the recent highs. I also think we have seen the bottom but given the fact Gold ans Silver are still turning down for the moment we might see further weakness. But Ely has been correcting while gold and silver were making recent highs. I might be adding next ...more  
Comment by Shylockreturns on Sep 05, 2020 5:07pm
AngelEyes - Precisely so.  With the market manipulation of both the bullion and the shares the usual coupling has been, well, "de-coupled," to a large extent. When gold does turn around, it and silver and the shares are in for a very steep rise. Positions should be accumulated when the 'turn' is clear before they become out of reach.
Ely Gold Royalties Inc