Morning all.
There is not much of a pulse with gold plays atm.
It does not bother some like myself much.
We have multiple projects and are now a producer in a very sought after location.
Thought I would include the charts to see how the activity is looking but nothing beats the FA in a play like this one.
We all know that the fundamentals here are good.
Let's first look at the gold chart.
I have dumped the flag for this double bottom which I had quoted the bottom at 1763.
Near enough for me but look at the stochs.
They are turning up so I think this is it.
A failure from here will put us at mid 1600's, I don't think so but look at the rest of this illogical market.
Now let's have a look at the OTC right now and see what the other side think.
I hope to see this continue.
Currently up 12% at 54c which equates to 68c aud.
The small blue line I have added in the chart below is the aud value and would indicate a break out.
Now let's see what Monday brings and hope that we have really seen a bottom in the gold price and our own sp.
If that is the case, I am expecting to see 93c sooner rather than later.
Kind regards, Wack