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Since myt last post, price seems to have found that level around $1.06 which is reflected in the ST low (18.8.21) High (1.7.20). The ST low I thought was key to where it literally rejected the TL break not shown from the chart but since then it printed 2 ST lower highs then we see a break today. This is what the chart is showing.
The drill results keeps coming up with gold so who the F* know why it is bearish. Way back last year, it was the SOI that I really dislike because of the vast amount of shares issued to date. At $1.5B MC, it really needs something magical to allow a significant increase in value.
@Norsdemic did a guesstimate on the Capex in the billion $ mark from memory which I understand from the refractory metallurgy. Maybe this is the reason why some here are disappointed with the rally?
I have been sitting on the sidelines since I exited DEG and only recently as last week bought another spec turn producer. BUT I do like the EVN/NST position on the chart although the XGD is not very convincing and this 2 has a big weighting.
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As expected the NFP on Friday propelled gold up but met a road block resistance. TL broke last week probably in anticipation. US closed tonight so just a waiting game.
Good luck holders.
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$1.22 |
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Mkt cap ! $2.888B |
Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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$1.22 | 166330 | 36 |
View Market Depth
No. | Vol. | Price($) |
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48 | 96146 | 1.215 |
38 | 280414 | 1.210 |
25 | 352714 | 1.205 |
34 | 361002 | 1.200 |
9 | 54199 | 1.195 |
Price($) | Vol. | No. |
---|---|---|
1.220 | 167516 | 33 |
1.225 | 251900 | 28 |
1.230 | 216138 | 19 |
1.235 | 161241 | 9 |
1.240 | 525403 | 10 |
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