Gold up another $50USD Friday night topping out above $2500USD For a new All time high...
Great time to announce a new major discovery - Glenlogan anyone? or another swan?
Gold bull runs 2001- 2004 and the 2011 run.... majors and mid tier run first then it filters down to quality explorers.....
With Gold now above $2500USD and looking to go higher it's only a matter of time for the Gold sector to attract increased institutional investment and the Gold explorers to get pulled up in the Au Bull run...Usually around 6 months after the majors.....
Feb 24 PRU $1.45 NOW $$2.33
Feb 24 RMS $1.36 NOW $2.04
Feb 24 NEM $30.39 NOW $50.21
So you would think we are on the verge of major rerate in the explorers that will signal a new Bull run in this sector IMO..... https://www.cruxinvestor.com/posts/...r-explorers-despite-current-market-challenges
Posted this chart in June at 0.091c with the caption
Bottoming pattern to look for.....
inverted Head and shoulder pattern the exact opposite to what sent us down here GL...
And it seems to be following the pattern as outlined with a deeper right shoulder but that can happen - need to break 0.13c for it to be in play with a target of 0.17c - but with any positive news from Glenlogan then that would be the starting point IMO..
S2R Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
