Time for a new thread. Old one has gone dead and out of date.
Its noticeable that there have only been 3 trades in the last 1.5 hrs [since 11:05am
The SELL side has dried up currently and if no one decides to jump BUYERS will be forced to pay more increasing the SP.
Chart wise we are near a point of breakout. The 1 hr chart has a BUY signal and MACD about to cross up above neutral. Some more buys at 1.3c might just set a new up trend in place. The Gold Charts are showing a channel in a moderate uptrend with current pricing at the bottom of the channel and about to turn back up.
1.3c for a 3.2M oz Gold resource seems pretty cheap. But as always the market sets the price. News would be very good right about now!
Yak52
TTM Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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