Marathon Gold Corp T.MOZ

TA is overbought

[tarsands]

At $2.49

RSI 73

The MACD signal line is the highest its ever been on the charts.

We know that even buillion is way way overbought.

And is due for a pullback!  When it does watch all the gold stocks drop like a rug was pulled out from them.

But hey if gold keeps this start of a parabolic chart pattern then anything can be picked and it will go up in shareprice.

It is just time for a breather me thinks! 

The 50 day is all the way back down at $1.81

[Sacks45]

[theCurse]

“Markets can stay irrational longer than you can stay solvent" 10K more at 2.51 tC

[Ridgeback]

RSI 73   The MACD signal line is the highest its ever been on the charts. We know that even buillion is way way overbought. And is due for a pullback!  When it does watch all the gold stocks drop like a rug was pulled out from them. But hey if gold keeps this start of a parabolic chart pattern then anything can be picked and it will go up in shareprice. It is just time for a

[theCurse]

As it probably quite evident on my thoughts on TA and an explorer like this (ie almost useless as it is results driven), the current POG gathers interest in the sector but unlike current producers who (unless hedged) get the profit today, marathon investors are looking at the POG in ~2 yrs from now. tC

[BGraham2]

But the price action of any stock, in any sector , is results driven. be they drilling results, production results, manufacturing results, etc.

[Ridgeback]

I have to agree MOZ moves on result oriented news and with drilling well underway my expectations are for a continued slow moves upwards.  I have to expect the new zone of a proven resource will move us past the $2.50 mark. So far Marathon has hit most time frames and with four drills scheduled to be on site---UP is in the cards.  

[BGraham2]

I'm right there with you on that RB. You've been suggesting for some time that the Sprite corridor is likely to produces surprises. The PR a few days ago supports your thesis. BG

[theCurse]

Yes but nothing on the scale of exploration unless something like a revolutionary product.   Toyota does not one day come out and say "Wow - Somehow sold 200 million cars today!". Not going to argue further - the term "strike it rich" definitely refers to gold exploration and not producing widgets.  the leverage of the results. That aside, there seems to be a

[BGraham2]

Yes, a cure would be a nasty day for gold - gonna take goverments a long time to rein in the money being created though, i personally dont think they ever will. I think gold will ultimately see its peak this round because of safe haven buying from currency wars and vicious inflation - not just covid fears. Your comment on striking it rich with exploration vs producing widgets is well taken. BG