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02/10/19
17:44
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Originally posted by MIStragic:
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I do know the mining sector to a degree - while I look at many gold stocks daily, I never found complete satisfaction in valuing ugly ducklings by comparing them to other ugly ducklings. Knowing what major broker analysts recommendations are, especially when they down grade, helps predict the money flow that will determine the SP. SLR continues to fall as we write ... will 90c support hold ? Makes you wonder if the September quarterly results from SLR are a shocker and have leaked out ? If this SP deterioration continues, does it presage SLR being dropped from GDXJ .... that will certainly confirm 90c as resistance.
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Put each of the individual mines production figure over time in excel. You can predict which one will have the problem. The problem do not happened sudden in one quarter.