Disappointing that Gold is heading South but as Sabre points out, Gold and IGR are heading for a rebound according to the MACD indicator.
I see IGR drifting until about mid June, all the tax loss selling will be complete and the buyers will return with avengence to get back on board. Happens every year for stocks that don't have a directional trend over a number of years.
That and the Salt Lake City news, drilling at the highly prospective Maxwell's open pit at Randalls should underpin a solid late June rebound.
Look forward to it.
IGR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
