Hi mate
50% retracements are not unusual, seen it so many times before.
Difference here is most top gold stocks are as sound as a bell.
This isn't to say GOR cannot do better, it most certainly can (this thread covers it well).
Ego can be a dangerous thing and it needs to be kept in check.
If we were falling in isolation then all bets would be off. This is not the case here; it's an orchestrated attack on producers of sound money and an attack on gold itself.
This is why paying dividends is crucial since there is limited scope in defending raids emanating from the cabal. It gives shareholders motivation to hold on.
Gold is in backwardation for goodness sake and demand overwhelms supply. The fundamentals for gold could not be better and margins, thankfully, still relatively high.
It's the phony paper markets that are depressing the price, for all the reasons stated previously. A Gold Standard, gold backed crypto is inevitable now.
It's just a case of when.
Stack what you can while you can and hold on to your GOR for dear life. Dramatic changes are afoot.
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Last
$1.70 |
Change
0.020(1.19%) |
Mkt cap ! $1.837B |
Open | High | Low | Value | Volume |
$1.65 | $1.70 | $1.65 | $5.638M | 3.356M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20338 | $1.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 25767 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20338 | 1.685 |
6 | 91068 | 1.680 |
3 | 26034 | 1.675 |
4 | 39064 | 1.670 |
1 | 5696 | 1.665 |
Price($) | Vol. | No. |
---|---|---|
1.695 | 25767 | 2 |
1.700 | 26238 | 2 |
1.705 | 33279 | 3 |
1.710 | 25933 | 2 |
1.715 | 47748 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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