Post by
GTN85Y on Apr 15, 2024 12:26pm
Fear/Greed and Sentiment
I cannot fully disagree with the objectivity (fear). It is expected there will be doubt especially after the tough years we have had recently had lets just say beginning of the COVID pandemic. I also cannot fully agree with the positivity of the loyal stockhouse members of YGT (greed). This is a risk as is any Micro-cap stock. Yes Eric Sprott has joined and has shown interest and is placing $2.5 million worth of interest in hopes of getting some kind of return other than negative at $0.05 assumed to be placed around the end of this week.
As for sentiment, what goes up must come down! Gold is at highs right now but may not last. Until there is more certainty in the market and interest rates start going down I wouldnt start being too aggressive until a second rally of gold to reach new highs has begun. Anything put down until that certainty is there will be eaten up by the sharks IMO.
The YGT story has alot of substance and has a lot of good options for growth including local political interest in regards to mining more critical minerals. Remediation of the mines close to town has been an ongoing concern and an ongoing project. Local sentiment has changed over the years in regards to having these mines rebuilt but things need to be done proffessionally and ECO smart. GP knows this and offers this. These points bring me interest and I can only hope that I am not the only one who believes this. Either way there is still quite alot of time and interest for this stock to experince the Fear/Greed cycle.