SPR 8.26% $1.11 spartan resources limited

Very unfortunately the POG has decided to decline and now sits...

  1. 908 Posts.
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    Very unfortunately the POG has decided to decline and now sits below US$1300/oz. This will put pressure on GCY's SP and we saw the start of this evil process yesterday. It is not a reflection on GCY, but a general Au market reaction which all ASX goldies are subject too. Looking at GCY's chart I have a suspicion that GCY's SP may drop down to A$0.40 again. This could form a double bottom which can be a very powerful technical pattern eventually leading to substantially higher prices. Time to watch, study and garner one's resources.
 
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