GOR 1.24% $1.59 gold road resources limited

Hi mate50% retracements are not unusual, seen it so many times...

  1. 2,977 Posts.
    lightbulb Created with Sketch. 481
    Hi mate

    50% retracements are not unusual, seen it so many times before.

    Difference here is most top gold stocks are as sound as a bell.

    This isn't to say GOR cannot do better, it most certainly can (this thread covers it well).

    Ego can be a dangerous thing and it needs to be kept in check.

    If we were falling in isolation then all bets would be off. This is not the case here; it's an orchestrated attack on producers of sound money and an attack on gold itself.

    This is why paying dividends is crucial since there is limited scope in defending raids emanating from the cabal. It gives shareholders motivation to hold on.

    Gold is in backwardation for goodness sake and demand overwhelms supply. The fundamentals for gold could not be better and margins, thankfully, still relatively high.

    It's the phony paper markets that are depressing the price, for all the reasons stated previously. A Gold Standard, gold backed crypto is inevitable now.

    It's just a case of when.

    Stack what you can while you can and hold on to your GOR for dear life. Dramatic changes are afoot.
 
watchlist Created with Sketch. Add GOR (ASX) to my watchlist
(20min delay)
Last
$1.59
Change
-0.020(1.24%)
Mkt cap ! $1.722B
Open High Low Value Volume
$1.62 $1.63 $1.58 $6.790M 4.260M

Buyers (Bids)

No. Vol. Price($)
3 10288 $1.59
 

Sellers (Offers)

Price($) Vol. No.
$1.60 5848 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$1.59
  Change
-0.020 ( 1.10 %)
Open High Low Volume
$1.63 $1.63 $1.58 1171576
Last updated 15.59pm 03/05/2024 ?
GOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.