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Bullboard - Stock Discussion Forum Westgold Resources Ord Shs T.WGX

Alternate Symbol(s):  WGXRF

Westgold Resources Limited is a mid-tier gold producer and international gold company. The Company is engaged in the exploration, development and operation of gold mines, primarily in Western Australia. The Company owns and operates all of its underground and open pit mines. Its operations include Murchison Operations, Meekatharra Gold Operations (MGO), Cue Gold Operations (CGO), Bryah... see more

TSX:WGX - Post Discussion

Westgold Resources Ord Shs > Somewhat contrary
View:
Post by MaterialsMan on Oct 10, 2024 9:04am

Somewhat contrary

Up until now, if the government numbers showed increased inflationary pressure, gold along with the major indexes have tumbled on the news.
Today, the price of gold for some reason is going in the preferred direction, while the index futures are in negative territory.
Everything is so fickle that this could change in a heatbeat.
For now however the regular trend does not seem to be in play.
Nice to see WGX moving up again even if it's slowly.
Maybe it was selling at bargain basement prices the past week or so.
Comment by Odinson on Oct 10, 2024 9:35am
Yes, it was good to see it closing in the green yesterday. I'm willing to bet that it was selling at bargain basement prices, prices that won't like;y be available for long. I personally think that once folks see the potential here, we will be on our way up.
Comment by Rainman01 on Oct 10, 2024 10:23am
I think gold has hit it corrected stage and we are on our way back up to 2650 and above. This will not be without pull backs in the future. Also it looks like Westgold has hit its bottom as well. We know it was manipulated down but we have had nothing but great news and it is only going to get better from here. One thing I have noticed with WB is that his numbers are very conservative and I ...more  
Comment by Odinson on Oct 10, 2024 2:02pm
By the look of the activity on WGX today, it would make one think that the vultures beat it down to where they wanted and now it is time to load up. I think we will see another slight pull back on Gold before year end. Going into the New Year, I think we will do OK. Partly because of Gold price, and then throw in a fantastic location and good management. By this time next year, we will be doing a ...more  
Comment by Rainman01 on Oct 10, 2024 2:28pm
In one year or before. Coarse gold Tuesday night at Beta Hunt. 
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