GOR

0.32%

$1.56 gold road resources limited

haven't bought anymore jst yet got an order in but hasn't been...

First 28 Last

Share
Profile

Follow
slips

10,984 Posts.

36

20/06/14

14:01

Post #: 13551571
Share

Originally posted by joulesmm1 ↑

gold and silver pause at the highs today as both have reached their respective 38.2 and 61.8 return levels of the move from Dec lows to mid march high swings....arguably a very large triangle on a weekly basis

for elliotticians this would count neatly as (current) E which typically make a return move on the C wave
a sharp return that usually terminates the triangle and begins a new move in the opposite direction

the return is a tad over the 38.2% return for gold (38.2% is 61.8% squared) and silver has made a tad over the 61.8% return move.....that "tad over" can be looked at in a very positive light....when ratios/measures that are typically reliant get taken out by a mere fraction that tends to mean that while the resistance is heavy there was enough power to break the level and cause a fake move thru that level killing many stops and weakening the resistance....the measures need to work concisely....the 144 week cycle low could be seen as the beginning of a major low especially the way that we took several days to gather in cheap supply and then swing up

on the flip side, the large triangle thingy, for both silver/gold, is not a good look......E waves are typically sharp and are born out of covering (shorts that were added, on comfort, at the the low because it felt easy to do that hence the term weak shorts) and out of news releases such as Drahgi and Yellen speeches

you should remember that both the US Fed Bernanki and Euro Drahgi Chairmen added strong fuel to a rocketing price out of a triangle that led to the (equal) high in gold and silver upto september 2012 and we know what happened after that period

things to consider ....correct sizing of your investment is worth reviewing

Expand

haven't bought anymore jst yet got an order in but hasn't been hit yet jmt

GOR Price at posting: 21.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

There are more pages in this discussion • 10 more messages in this thread...

First 28 Last

Add GOR (ASX) to my watchlist

(20min delay)
Last $1.56		Change -0.005(0.32%)		Mkt cap ! $1.684B

Open	High	Low	Value	Volume
$1.56	$1.58	$1.52	$7.851M	5.075M

Buyers (Bids)

No.	Vol.	Price($)
1	20000	$1.55

Sellers (Offers)

Price($)	Vol.	No.
$1.56	92601	6

View Market Depth

No.	Vol.	Price($)
1	5727	1.540
1	5727	1.535
2	25727	1.530
2	6377	1.525
3	35727	1.520

Price($)	Vol.	No.
1.555	49999	1
1.570	15727	2
1.575	5727	1
1.580	5727	1
1.585	5727	1

Last trade - 16.10pm 06/09/2024 (20 minute delay)

GOR (ASX) Chart

haven't bought anymore jst yet got an order in but hasn't been...

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

haven't bought anymore jst yet got an order in but hasn't been...

Top Stories

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Shekel Brainweigh investor presentation webinar – the future of retail automation

As Nvidia cools, we're looking to Aussie AI

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News