Post by
WindsorGuy on Nov 26, 2020 12:50pm
Finally
Investors are realizing GCM is and will be profitable even at todays gold prices. Oversold IMHO
Comment by
prem124 on Nov 26, 2020 1:19pm
I sometimes compare investor behaviour to a story of two prisoners escaping from a prison guarded by 100 walls. The prisoners went over 99 walls and are really tired and frustrated not knowing that 1 more wall seperates them from freedom. One of them says to another "I am really tired. I give up. Let's go back" after which the other agrees and boh of them go back.
Comment by
menoalittle on Nov 26, 2020 2:47pm
a bounce in gold prices (i.e., yes, the dollar index is headed down... and yeah, gold will move in response to that) is likely going to be the spark that finally ignites this thing and lifts it off this beautiful launch pad that has been built for it... to the moon, Alice. to the moon...
Comment by
Welchspring on Nov 26, 2020 3:25pm
I certainly like the move upward today. Reality in terms of proper GCM value is starting to come around.
Comment by
Welchspring on Nov 26, 2020 3:33pm
It would be nice to see the price back over the 200 day MA - $6.11 and continue back over the 50 day MA. The RSI moved up nicely today as well.
Comment by
Welchspring on Nov 26, 2020 1:21pm
Happy to see the price move up. Also looking forward to the dividend in early December. I agree this was way oversold.