The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Well we are seeing higher highs and higher lows, we have an ascending wedge. Short and long term moving averages have crossed in a bullish pattern. We broke above 820. All good.
It may be that inflation has turned and central banks have room to relax their interest rate hikes. The dollar may have rolled over. Time will tell.
As I said, I've sold a few for trading cash but I'll hold the bulk of my holding in anticipation of the PM bull run.
Yes Slater, I don't think this is an explosive moment. The inflation/interest rate rise scenario is far from over so there will be ups and downs. However I think there is an uptrend now.
I am selling some into this rise and will trade them, but I'll keep a core holding - having weathered the doldrums I do not want to miss out on the good times!
According to the ALL Telegram group DGR are selling down to raise cash for one of their seed projects, Armour Energy. Many are awaiting an RNS updating their reduced holding. At some point they will leave the market at which point we can achieve more realistic SP.