Post by
oilisswell on Nov 22, 2023 3:43pm
Too bad GGD has a following of nervous traders
Once again, Gold down <0.5%, silver down <1%, but GGD down >6%!
Gold still well over 1900, silver ~24, yet GGD SP reflects a much lower metal price. With 100 million in the bank collecting 5% interest, and Parral chugging along (zinc circuit soon to add 1/2 million/month), GGD covers all costs. The markets being random, and even irrational, fundamentals are out the window and fear and greed rule.
GGD needs the permits in place to commence construction of LRS. With no news for the past 4 weeks fear is the rule of the day.
Stronger volume today would seem to indicate some Americans are liquidating ahead of the Thanksgiving Holiday, providing some cheap shares to those willing to buy in.
Will December bring a Santa Claus rallyas in the past few years? We'll find out very soon. GLTA
Comment by
becker123456789 on Nov 24, 2023 11:31am
Yes with silver over $24 this seems way oversold. Without the volume to stop this from being manipulated. Seeing a ton of 100 share trades pushing this down when volume is low. If gold and silver stay at these levels we should eventually be much higher but these wild swings are grinding us down shaking the tree of nervous Nellys out as Oilsswell has said.
Comment by
tsoprano24 on Nov 24, 2023 3:38pm
Plus we got tax loss selling. Silver starts moving up this could be a great January affect stock pick. T