slr oversold?, page-131

judging by the chart, SLR has largely missed out on the price increase in gold over 1390$, but suffered the drop from 1390 down to 1320$.

Mainly because of recent capital raising and sentiment on Murchinson being put on care and maintenance.

Should gold stablize around 1330-1350$, SLR should drift towards 50c mark in terms of catching up and will get heavy resistance around 60c unless gold goes above 1400$.

I think we will see 40c next week and the rest will depend on gold price / further updates. Given the worst is over for SLR and a healthy cash stack, the only way seems to be up. Fingers crossed.