On a technical charting perspective GRY looks to be on a turning point. Will this continue for further price gains or is the general rise of the Australian stock market contributing to the rise in GRY? Several weeks ago as gold was hitting new monthly lows posters were prophesising the end of gold juniors. Will they be saying the same comments if gold and the general sector improves? Doom and gloom will always offer bargains but one must be cautious in what is considered 'value'. I still think very positively towards several West African gold developers and a Central Asian developer. Always looking to invest in asymmetric investments but for now will continue to sit on the sidelines.
GRY Price at posting:
55.7¢ Sentiment: None Disclosure: Not Held