Chart - TA, page-1679

Since myt last post, price seems to have found that level around $1.06 which is reflected in the ST low (18.8.21) High (1.7.20). The ST low I thought was key to where it literally rejected the TL break not shown from the chart but since then it printed 2 ST lower highs then we see a break today. This is what the chart is showing.

The drill results keeps coming up with gold so who the F* know why it is bearish. Way back last year, it was the SOI that I really dislike because of the vast amount of shares issued to date. At $1.5B MC, it really needs something magical to allow a significant increase in value.

@Norsdemic did a guesstimate on the Capex in the billion $ mark from memory which I understand from the refractory metallurgy. Maybe this is the reason why some here are disappointed with the rally?

I have been sitting on the sidelines since I exited DEG and only recently as last week bought another spec turn producer. BUT I do like the EVN/NST position on the chart although the XGD is not very convincing and this 2 has a big weighting.



As expected the NFP on Friday propelled gold up but met a road block resistance. TL broke last week probably in anticipation. US closed tonight so just a waiting game.

Good luck holders.