Post by
Stockmoves1 on Mar 23, 2022 5:12pm
What's a Guy to do...
If you're a bel;iever in this resource and go long and totally ignore it for the long road home you will have to be awfully patient and hope Gold breaks out before the stock breaks down again.. Personally I am long on a play or two because I am a believer in the play... In the case of FVL i feel it's bearish so unless the market is with us or this gets oversold again I sit on the sidelines... Look at TUD and do not tell me about low grade when it potentially has a resource the size of SEA and trades at 1/5th market value.. Until the market says GOLD is the flavor of the day nothing changes.. CASH is still King, so unless Gold breaks out and we get a rally in these plays not much happens because shorts have the control.... SO we hold the plays we like long term and the others we patiently wait for oversold and re-buy.... 50 fails and this is bearish that's all I know....
Comment by
Minray on Mar 24, 2022 12:25am
i hear you brother! Not much other than wait it out.
Comment by
Stockpicks96 on Mar 23, 2022 11:36pm
SM1 what's your take on the shiney newfoundland plays such as SIC, NFG and LAB?
Comment by
Stockmoves1 on Mar 24, 2022 12:23am
Gime a little time my friend and I will take a peek in the next day or two.. not at all up to speed on these picks you stated.. I likely have traded one or two of them over the years but I've gotten lazy and boring lol.... I will take a peak..
Comment by
Stockmoves1 on Mar 24, 2022 9:11am
All that being said and no I am not in.. Chester may be right just one more flush.. with Gold building it will be hard for these shorts to kill these plays.. not for lack of trying that's for sure...
Comment by
Minray on Mar 24, 2022 10:18pm
next week will be telling. If gold rises that will be an indicator that the big banks can't manipulate the POG. Juniors should rise if this is the case. If not, it's just a case of hurry up and wait. Glta!