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 > Seekingslpha top analyst/writer … miners going down

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Post by Singoa58 on Aug 31, 2024 12:35pm

Seekingslpha top analyst/writer … miners going down

Michael James McDonald

Summary

We initially recommended a 100% gold allocation, then reduced it to 70% in April, and now suggest 50% due to our sentiment indicators forecasting an intermediate term correction.
Gold has reached our $2,450 price target, and technical indicators suggest the current two-year rally is fully extended.
Excessive "call" versus "put" buying in GLD, and high optimism among gold advisors, indicate a peak, supporting our intermediate-term correction outlook.

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