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I hope your right
WTF that’s exactly what I needed to hear and nugt goes straight up.
DUST now 5X to the down side everyday this week. This is why I stopped with this stuff. 2X when positive 4x-5x to the downside.
Commence the ripping of the face.
Gold price and GDX going in opposite directions point to a big rug pull to me. They will do the usual and take out stops each way like the nice guys they are. They keep pushing GDX higher. I’ve seen this before in each direction.
GDX has been embedded for 10 days with RSI consistently over 80. Gold on the other hand has had RSI under 80 a bunch of days and should go back to the middle Bollinger. Also has had negative divergence like WeaselBoys been talking about.
Gold had a little correction and mines still on fire.
Precious Metals Calendar Ahead
Monday, June 17
NY Empire State Manufacturing Index (Jun)U.S. NAHB Housing Market Index (Jun)
Tuesday, June 18
China House Prices (May)German ZEW (Jun)Eurozone CPI (May)U.S. Building Permits; Housing Starts (May)
Wednesday, June 19
U.K. CPI (May)Federal Reserve Rate Statement, Press Conference
Thursday, June 20
Bank of Japan Rate DecisionBank of England Rate DecisionU.S. Initial Jobless ClaimsPhilly Fed Index (Jun)
Friday, June 21
Eurozone PMIs (Jun)U.S. Manufacturing PMI (Jun)U.S. Markit Composite PMIU.S. Services PMI (Jun)U.S Existing Home Sales (May)
Bought some 14.75s and 16.06 to average into 15.70s. Looking for a trend reversal. GDX hit upward target of 23.60s. Hope GDX to 21.90s. Have to check chart on exact number in the 21s though.
Don’t hold long term and trade the trend and you’ll do fine.
Great day. Bought some DUST 14.74 and lower my average down to 15.70
Gold popped to 1360. Is this the real break out? Will it stick? I just don’t believe it. Fed isn’t going to lower the rate in June. I’m still in DUST. This could get bad or I could have timed the top perfect.
Gold hit the 1 day MA 9 turned and burned. Still holding DUST. GDX is under the MA 9 on the 4hr. Still looking for mid bolly on the daily for GDX at or around 22
Is anyone privy to the Fed talk this week.
GDX to 22 and I’ll sell Dust.
Looking for a pull back not a trend reversal.
The president minutes ago took to Twitter to announce a signed agreement with Mexico, meaning an indefinite suspension to tariffs that were set to go into effect on Monday.
• For Mexico's part, says Trump, it has agreed to strong measures to stem the flow of migrants coming to the U.S. southern border.
Dust looking good right about now
Bought some DUST 16.10. Living on the edge.
Wish I didn’t sell. Making stair steps now. ??
Sold today with a 6% profit. I’m not convinced that EGO will reverse trend until earnings in July. 3.80 resistance is going to be hard to break.
Up 20% on Greek snap elections.
Now EGOs dead. 7% drop of refinancing debt at 9.5%
EGO hit the mid Bollinger Band 4 days ago and the pros sold. Down about 13% since then. Looks like they are trying to get the price down as much as possible but not much selling at these levels.
Killing it.
Bought at 3.52 and increased my shares. Increased my shares by 40%. Now I’m happy.
Sold the day after the fed minutes. Basically only saved a small profit.
The MMs pulled the rug out from the market. Everyone was expecting exactly what they said and gold reacted poorly.
Sometimes it’s just better to take profits before the fed releases their minutes. I’ve been burned to many times. I’m not doing it again.
Bought back in at 4.56 today. Close enough to the bottom trend line I drew back on 3/26. Lamaque is now in production. I hope I can make a couple of bucks now.
Sold at $5 today. Finally came close to breaking even on this nightmare. I bought around a dollar last time and it’s a dollar now. So I lost about 5 cents a share. I might buy back in when it retreats off the upper bollinger band. But at this point I’m happy not to deal with this company for now.
I wonder if this stock will ever have positive news. ??
Ego is straight garbage. Never would think it would go this cheap. I waited for ever to buy this stock as a long term investment. I thought $1 had support. But now it’s down 30%. Straight idiots run this company.
• Eldorado Gold (EGO says it will seek €750M in compensation (~$877M) from Greece for damages suffered due to delays in the issuance of permits for its Skouries project.
• EGO filed a new technical report for the project earlier this year which it said significantly reduces the development's environmental footprint, and then was favored by an arbitration panel which ruled its technical plan to build a metallurgy plant to process concentrate mined from its Skouries and Olympias gold project was valid, but the company has still not received the necessary permits to start construction.
• EGO President and CEO George Burns says the company's application "represents a good-faith attempt to resolve the matter with the Greek state as it relates to costs incurred resulting from permit delays to our Skouries project... We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration."
Finally a competent CFO was appointed. And the share price has stabilized once again. Looks like no RS
The vote was in favor of R/S. The vote was around 80% in favor for split. EGo has up to the end of the year to enact said split.
But the reason the shares went down so much today is because Q2 results are coming out. The insiders are trading ahead of the news.
I should have sold at a profit before the vote. The announcement of R/s has taken ego down 10%. This stock is truly garbage. I can’t believe I’m still holding it.
Last intra day dip was 1.09. So 1.10 would be doable. Maybe on the 20th at 10-10:30 am.
I hope not . But definitely could happen.
Ego holding on a very bad day for miners and gold.
I voted against R/S. You must vote by the 19th
Thanks for the update. A couple of days at this level and we may see new investors step in and give us another step up in share price.
That would never happen. That would mean Ego would have a market cap of 250-300 million.