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Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

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

TSX:CXB - Post Discussion

Calibre Mining Corp > Sum people shite on CXB........................
View:
Post by BGraham2 on Nov 12, 2024 4:35am

Sum people shite on CXB........................

but its a sector correction, not CXB specific. Look at two charts below, CXB and the sector ETF (GDX) of which CXB is a part.
Kick youself for not trading out near the obvious technical top at 2.90 CXB if you want, but don't blame CXB - blame yerself!
CXB is mirroring GDX - support around the 200 DMA at $2.04 more or less, i'd say - anyone getting it below $2 will be fortunate.

Even ol BG got some dry powder, lol - still kicking self for letting that $2.90 pass me by!


Comment by geezer21 on Nov 12, 2024 8:45am
"...but its a sector correction," Yes, it is and it may be coming to an end today as the price of gold that was down overnight has now reveresed and is up at the moment. We will see, but regardless, the drivers for a rising gold price have not changed and in fact may  improve as Trump policies are going to give even more reason to go to gold.