Post by
geezer21 on Oct 23, 2023 9:39am
CXB Relative to $Gold and GDX
Repost from last week. CXB share price appreciated since the post.
Calibre share price reacted to the Isreal/Hamas war. The price has climbed from a low of about $1.22 over the last 10 trading sessions to $1.47 currently.
In the very short term on Wednesday when there was rise in the gold price there was a pull back on low volume. Maybe someone was taking advantage of a strong market into which to dump shares without depressing the share price to much.
When compared to the gold chart and macro events it looks like Calibre's share price volitility is a mix of micro and marco conditions. But which has been the biggest influence.
https://stockcharts.com/h-sc/ui?s=CXB.TO
Since a low of $0.52 last November the share price has followed the gold price up. It has an increased 183% while gold has increased 21.8 % from a low of $1624 to $1978 now.
So Calibre is outperforming gold by a good percentage indicating that Calibre's performance is the biggest influence on its share price appreciation.
https://stockcharts.com/freecharts/gallery.html?CXB.TO
https://tradingeconomics.com/commodity/gold
The charts confirm Calibre's is firing on all cylinders and corporate guidance indicates that will continue making Calibre a buy.
Calibre has been out performing the gold price and the VanEck Gold Miner Index.
The VanEch index since November has gone from $21.6 to $29.5 now for an increase of 36.6% better then the gold price increase of 21.8% over the same period.
Calibre has increased 183% over the same period showing out performance over both the price of gold and the gold miner's index.
https://stockcharts.com/freecharts/gallery.html?GDX
Comment by
tootall123 on Oct 23, 2023 10:00am
Yes! Great and a true and real fact post there geezer but the losers and liars are clueless.....Fact GOLD IS KING...
Comment by
Cobalt on Oct 23, 2023 10:56am
Bitcoin +2.78% Gold -0.13% 5 days BTC +9.2% Gold 1.5% BTC is King Canadian etfs like BTCC make it so easy, when the US drops an etf too the moon Cheers