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Bullboard - Stock Discussion Forum Fortitude Gold Corp FTCO

Fortitude Gold Corporation is a gold producing company. The Company’s Nevada Mining Unit consists of seven properties located in the Walker Lane Mineral Belt. Its flagship Isabella Pearl project is an open-pit heap leach project, which covers approximately 9,000 acres. It owns an interest in the Golden Mile property, which is located approximately 36 kilometers (km) east of the town of Luning... see more

OTCQB:FTCO - Post Discussion

Fortitude Gold Corp > Buy low, sell high window wide open
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Post by goldpoet on Sep 01, 2022 5:03pm

Buy low, sell high window wide open

This is literally an archetypal buy low, sell high investment window, unbelievable.  We are likely nearing the end of a two year bear trend in the gold miners, the tide has been going agonizingly lower for two years, meanwhile gold miner prices have become divorced from value due to this two year collapse in sentiment. Don't complain about FTCO until you compare it to GDXJ and NEM for the last year as well as year to date.  Surprise!  The lastest fake break-out in gold was so fitting, whack, whack, whack, those insufferable gold bugs, don't they get it, tide is the wrong metaphor, this is a biblical drought.  Biblical debt, for damn sure, biblical gold drought I strongly doubt, I'm still a true believer in the tide metaphor.  And when the tide inevitably begins to come in FTCO will be above $8 so fast, it will be predictably entertaining to read all the posts from shocked would-be investors posting their lame stories about how they almost bought, blah, blah, blah, coulda, woulda, blah, blah, blah, bought a thousand shares and was about to buy more, blah, blah, you know, the blahs.   The good news is that it won't be too late to buy at $8, but your dividend will just be 6% instead of today's near 8%, and you will have missed out on the quick 33% capital gain, just like that.  Oh well, next time, right?   Best to all longs. Poet

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