I have added to my substantial position today.
BDR has been kept low while the big players are accumulating.
Over the last few weeks, major shareholders have been issuing a notice of increase in their holdings.
From my experience, they take their long positions at least a month before the release of the current quarter details.
It looks to me that it will pop up soon.
Bitcoin has been crushed thanks to the Chinese government stopping trading on disallowed from the end of the month. Money will now move into gold which has an established track record of safe haven.
Next week, when the Fed keeps rate on hold, coupled with geopolitical tensions, I see gold heading to the next resistance level of $1370 and then $ 1425.
Bdr is primed for huge upside, knowing it is not hedged and management is confident of increase production.
My aim is to continue accumulating until the end of the month and if no bad news 4 weeks before the quarter release, there will be a big buy order from me.
My thoughts.
Cheers, Sydney ( thanks for Atomic latest post and will be nice to hear what V thoughts are)
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