My guess is that $5.00 can be achieved by either Jun or Sept quarter especially if GMD continues to meet or exceed operational expectations. BTW GMD peak price will be a lot higher on the basis that asset rotation into gold is about to start (refer to Youtube interview of Kevin Wadsworth by Palisades Gold radio) i.e. US investors are yet to move into gold in a serious way.
Meanwhile, there is a high probability of a pullback. Looks like GMD is in the overbought territory and in the distribution phase. Once this pullback is over, we can hope to see GMD share marching toward $3.50-$4.00 range very quickly within this quarter. GLTA.
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