LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

looking at the cash flow

[idlefreebird]

Lakeshore should come into November with a $72,000,000.00 in the bank and 8 more payments left on the gold note.Keep in mind they would've paid $3,000,000.00 on interest for debentures in Sept. also , therefore company doing all things right at the same time as making cash with the printing machine.GLTAL

[ERTguy]

Their financials look good however I'm a little concerned with the current chart pattern, hinting at a possibility of breaking this descending triangle pattern.   The gold market is looking bearish right now and the US dollar is strong.   I think there is a strong possibility we could see prices in the 80-90 cent range.   At that point I'm definitely a buyer.   Not

[goldclrglasses]

Someone says chart shows possible break upwards, someone says chart shows possible break downwards. Might as well be reading tea leaves.

[tarnoir]

I say beautiful Cup and Handle formation. Handle is being formed nicely. It is looking for a reason to breakout, but macro affects holding it back. LSG is doing all it can as a co. It can't control the broader market or Au prices. LSG is becoming a "best of breed".

[castle123]

Well stated Nick! And the big boys want a few more!!!!!

[ERTguy]

I don't mean to be nit picky because over the long run I'm bullish on the stock, but where are you seeing this cup and handle formation?   There isn't even a cup forming on the chart yet.   There is a case for Gold to be bearish in the short term on the strengthening US dollar (assuming they aren't just propping it up over the election period).   Maybe strong

[LexMark747]

LSG's technical pattern is not a descending Triangle. In fact the pattern that is showing on LSG's chart is known as a Falling Wedge Pattern. This is know as a breakout pattern. There is no need to read Tea Leaves here simply because you do not buy until it breaks out above the resistant trend line ( upper line of the Falling Wedge Pattern ) You should also wait for two consecutive closes

[mary-ally-smith]

Nice chart, thanks! 

[ERTguy]

Yup that works as well depending on where you're measuring from.  Either way the top line is still around the same and the theory behind it breaking above the top line or below the lower line still stands.  you Need to watch this very closely now as the trading range is tightening up!  The concerning factor is that the price of gold is also narrowing its descending triangle

[LexMark747]

Vey good point ERTGuy ..... The price of gold is showing a negative declining triangle. Silver had the same declining triangle as gold has now and we all know that the Silver broke though support on a break down. It does not mean that gold will do the same thing but you do have to be very cautious on golds negative technical chart. We all have to be patient with these charts and read them the best

[ERTguy]

You guys can make an argument either way, because they are both almost identical in this case.  However the point is, it's a bearish pattern.   Although I like this company, I don't like gold as an investment just yet.   In addition to the price of gold one also need to pay close attention to the US dollar since investors usually look to gold when the dollar is not

[LexMark747]

I say its a bullish pattern and you say its a bearish patter. We can't both be right.... Time will tell sooner than later.

[ERTguy]

Works for me!!

[ERTguy]

Sorry just to correct myself, LexMark is right on with the falling wedge being a bullish signal.  However you can make an argument for both based on where your starting point is.   

[sens93]

It looks more like a descending triangle to me, with the same upper line as yours, but the support at $1.00 straight across. My 2 cents

[LexMark747]

Go to https://www.investopedia.com/university/charts/charts7.asp ....... and click on Wedge ...... it will not only give you a full explanation of a wedge but it also gives you a picture of a Falling Wedge which is identical to the graph I posted. With that said just simply lay back and buy on the breakout. It's a no brainer .... if it doesn't break out then you haven't spent a dime. I