Post by
psych01 on Dec 29, 2020 11:28am
Re:new support and resistance
Aur--thank you for the analysis and considered opinion; certainly agree not to sell any large portion of a position in OGC for a few cents---this is a double plain and simple. How it gets there, well there's the trading opportunities. I keep it simple, some might say how else could he do things, but anyway I do and I just keep about 80% of my sizeable position intact, leave it alone while trading in and out with the reset. Doing ok, tank of gas here and there, groceries. But the overall sentiment seems to be that OGC will be quite ok without Didipio---I don't think it a big factor now that the dust settled and we're gradually strengthening because of intrinsic potential in 2021, related to the other assets and potentials therein. IMO
Comment by
clubhouse19 on Dec 31, 2020 11:26am
Saying that double is very conservative is hyping at its best. The prospect for gold considering the added stimulus with the new US admin is what is raising all ships.not because OGC is doing a good job...far from it I would say... You could have done the same with pretty well all gold producer recently. Just look at GCM...6.00 to 8.20 in relatively a heart beat.