Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s): CXBMF

Metals & Mining Gold

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and... see more

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Calibre Mining Corp > Technicals

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Post by geezer21 on Feb 13, 2024 7:30pm

Technicals

Since October the price of gold has been having higher highs and higher lows.

Today's closing low of 2007 is at a support. Since this low was a jerk knee over reaction to today CPI print I expect the price of gold to bounce off of this support level.

https://stockcharts.com/h-sc/ui

139

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Comment by Benedictus on Feb 13, 2024 11:34pm

Yes, this level is good lateral support for gold. Reverse H&S break out on USD suggests a measured move up toward 107-108, which could lead to further shakeout in gold prices but let's see how it develops. Either way, it's just an opportunity to get Calibre shares a little cheaper closer to supports. I also think the market wants a comforting and "everything is on time" ...more

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Calibre Mining Corp