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Gold DB @ $1,816 to possibly setup a move to c$1,872 tomorrow on a whopping US CPI print.
FYI >c$1,872 in May is likely breakout from the 8 month Bull Flag and that puts anything up to $2,500 on the radar IMO.
NT to buy for anything under 10k.
Everyone's talking about inflation today. Won't be long before gold price jumps to 2000$.
You've gotta lol :)
US CPI print tomorrow lunchtime - keep em peeled.
That's a trader's question, not a TA one :)
There's no trade worth making below a quid here IMO due to the rising tide floating all boats but I usually trade 3-4 month swings and YMMV of course, decent news here could have it back at 120s in a flash I think.
Assuming some decent grades and a few bonanza meters chucked in. Then what. Sell and wait for a retrace, what if there’s not one, or hold the line. Then what if it overshoots and drifts back.
That’s the TA question.
TBH like I posted buying sub 80p was a no brainer, even sub 100p should soon be in the past. So from a value perspective assuming the next news is good I will hold anything below 120. If it shoots up above that then I will sell some and either put it back in later or move it elsewhere.
It’s been too much like hard work protecting one’s capital here but I would never want to be completely out as imo a bid is very likely and if not near term dividends are not out of the question.
Usual caveats
Trek
I think we are due for one more set of results followed by mineral resource update. The latter one is important as it will put us on the cheaper side of oz/sp valuation and II's should be swarming in to buy an undervalued gold miner. All action to be completed by end of Q2.
To think this was 1.70p middle of December,it seems to me the worst is passed and gold is very strong atm just need those drilling results to get us moving
I've only got a small holding here , did top up on Friday at 80p , should have done it Thurs , just couldn't understand the disconnect between SP and the placing price . In the end I think it was just an overlooked opportunity for us lot to buy in cheap .
I have dipped in and out here , but this time I will just hold .
The thought of not being in here if and when some high grade drill results land would be too painful .
Either way , steady growth through the recovery of POG , and Pure Golds expansion means , barring an asteroid strike or world war 3 , from here on it should be a pretty safe investment .
Added at 76 and 78 last week, dont hold millions but its all I can afford etc etc. Sitting on hands again for now, Good news from increased grades at the mill and increased production expected and then the tantalising 8 zone to look forward to. Back to 150 plus. Good buying in point at this time I would say.
Morning :)
Nothing says please stop buying like an advertised comedy spread :)
Director Mark O'Dea's trading history is worth a look, he's got a "keen eye" shall we say for buying/selling these shares and I had to rub my eyes when I worked out how much money he ploughed in at 89p last week (now 90p - thanks Pound) - perhaps we should all just follow him ;)
CRAZY SPREAD !!
BONKER99 TA on the 6th MAY was spot on !!
https://twitter.com/bonker_99/status/1390409477057286144/photo/1
There she is 85p! Sometimes it pays to sell and BTFD! Nothing to do with clever TA just about understanding what’s undervalued for one’s investment and gauging the reasons and sentiment. POG also helped but that’s part of the equation.
Still reckon we’ll get a bumpy ride back up from here to 130-140 trading range over next few months.
Trek
The Gold view - no more than six weeks until lift-off.
https://twitter.com/bonker_99/status/1390725144042164227?s=20
"@boombaby - interesting - wonder if that's in the 8 Zone where they've already had 446g/t(!!) over 4.3m :)..."
Red Lake area is littered with gold so such discovery could come from any place really.
Look at the short increase lol, what a blatant attempt to keep the SP suppressed. In a month or two someone comes up with a 'generous' t/o offer at 120p per share. Come on PUR, don't fall for this, give us good news and let's burn the fookers.
That's a big un.
$1,840 a big pivot to my TA eyes - I suspect $1,910 is on the cards if it makes it through. Regardless, that, I think, is the biggest jobs miss I've ever seen so it's bbbbbbrrrrrrrrrrrr to oblivion for the Dorrar ...
$1,843 as I type - hold onto your hats.
April Payrolls 266K, Exp. 1MM
GAME OVER
Outstanding post BONKER99....to cheer us up!!
@boombaby - interesting - wonder if that's in the 8 Zone where they've already had 446g/t(!!) over 4.3m :)
The existing 2m oz @ 9 g/t production resource is special already of course (13 g/t after the first couple of years of production!) but if they can delineate an additional resource with lumps of 100s g/t then it's fireworks for sure.
"One area of our 7-kilometre-long high-grade Gold Corridor that the PureGold team is particularly excited about is the “8 Zone”, which is located approximately one kilometre underground.
In terms of its geometry, the 8 Zone is wide-open, up-and-down plunge, and is characterized by very high-grade gold intercepts such as 466.0g/t gold over 4.3 metres and 342.4g/t gold over 5.5 metres.9 Some historic assays ran into the kilograms of gold per tonne of ore. We have a drill hole up-plunge (i.e., above the 8 Zone) that supports continuity of the gold system between surface and the 8 Zone.12
We believe our 8 Zone is geologically similar to the famous High Grade Zone at the Red Lake Mine Complex, which transformed the fortunes of Goldcorp in the early 2000s."
I do like a bit of after-market action ;)
Shootin Trek.
If you’re ever over in Ireland, I’ll shout you a game!
Nice :)
https://pure-gold.s3.ca-central-1.amazonaws.com/PureGold-FinalCut_1.mp4
Do you have a link to the interview?
The Fed have obviously made one of their last giant gold/silver buys as they're now talking up inflation for the forseeable:
"******: Expects 'Surge' In Year Over Year Inflation Data Through Summer"
Pencil in $2,350 Gold for Q3/Q4 peeps ...