OGC
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0.00% $2.20 oceanagold corporation

Citigroup did a downgrade, but along with their downgrade of...

  1. sankhara
    1,242 Posts.
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    17/04/15
    13:47
    Post #: 15106544
    Citigroup did a downgrade, but along with their downgrade of Oceana, they also noted that they do not expect any improvement in the gold price before 2019. So ... one woul assume they'd be downgrading ALL the goldies on that supposition.

    My position is, with the largely lacklustre Yank economic news, the USD has topped and will begin to decline, in whch case we're close to an upside breakout of the gold price. Based on that scenario, my persoal view is, Oceana looks very good.

    I'll wait tiill the MACD turns back up then buy I think.
    Last edited by sankhara: 17/04/15
    OGC Price at posting: $2.39 Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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