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Bullboard - Stock Discussion Forum GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district... see more

TSX:GGD - Post Discussion

GoGold Resources Inc > $2.71 low in
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Post by oilisswell on Apr 21, 2022 1:39pm

$2.71 low in

Fear, greed and internet connections make markets. Anyone with internet and a few dollas can play the markets, and that they do. It is obvious by the number of small trades that take place. While much of the back and forth 100 or 200 dollar trades is computer generated, others are small players trying to make a few bucks. These are the traders that fall prey to fear. They try to time the markets, which are impossible since most successful traders will tell you the stocks are very unpredictable and random, unlike commodities.

The past few weeks have been relatively slow for GGD with below average trade volumes, and correspondingly high volatility.

With the demand for silver rising, and likely exceeding production, prices will need to move higher. At some point miners will catch up.
Comment by tsoprano24 on Apr 21, 2022 2:19pm
I'm guessing the lack of news is telling us everything we need to know. MMS walking stock down trying valiantly to scare in some stock. Deal might be conditional on other company getting xx% before announcing deal. They aren't getting much, which might be a sign that their offer will be turned down. Not releasing news is not right. We have a right to those drill results. I expect better ...more  
Comment by oilisswell on Apr 21, 2022 3:18pm
GGD advises that they are building roads and drilll pads, moving rigs, and setting up water pumping system. Obviously this takes time. Also the assay labs have been slower at returning rsults for various reasons. It seems that they won't be back to their "normal" pace until the end of May! FWIW
Comment by becker123456789 on Apr 22, 2022 10:26am
First off commodities in general are even harder to trade than stocks and are more erratic. Junoirs in general are more like gambling so yes they are more unpredictable. Very seldom are we given the full story what is happening of course the company is going to paint a rosy picture. Yes timing the market is very hard but striking it rich off a junoir is even harder.  Taking some profit when a ...more  
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