Gold Standard Ventures (GSV)

[123tom]

@ goforthebet,.... heres the GSV chart.

starting with the weekly chart, to see the big picture , and having never analyzed this miner chart, gazing with fresh eyes; I'm struck by the first impression. GSV looks very similar to most all other miners charts.
not all identical, but most look like this....
GDX
http://stockcharts.com/c-sc/sc?s=GDX&p=W&b=5&g=0&i=p20954438079&r=1407899626920

heres GSV
http://stockcharts.com/c-sc/sc?s=GSV&p=W&b=5&g=0&i=t90878006887&r=1407902149209

This miner, like all the others, lives in two separate realities now, since the Great Shattering of metals and miners last April 2013. and you can see in these charts, the divide, the top portion in 2012,the shattering in April, and since over a year ago , the new reality down at a bottom zone , still trying to come off the bottom zone. Thats how powerful the Cartel manipulation has been.

Here's another chart showing a completely different World altogether !?!
S+P 500
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&b=5&g=0&i=t23303493741&r=1407903387635

What kind of far away Planet is That market happening on....!????

not the Miners world we live in.
Thats how powerful the FED manipulation has been.


so how does a technical analyst examine a chart in this kind of shattered/disconnected reality.

I dont really look too much at fundamental analysis to make decisions, other than the key basics, like drill results, management integrity, and reports like these latest ones about anticipating positive developments for GSV, and if now is a good time,with fundamentals, to take a chance on this investment....lets see if the technical chart says now is a good time.

You can see the bottom zone through 2013 to mid April this spring, around 45-55 cent area
On the technical chart this would be the 'right time' to buy.
and any pullback into this zone is another chance to buy.

Before an expected fundamental positive news, how low now can GSV pull back in the current wave structure.

Technical traders would not have been waiting until now to buy. they would have bought the 50 cent bottom zone. but they might also be looking to sell the 95 cent 'top zone'

The chart pattern for the last year and a half, since the grand collapse, has become more of a Range Pattern. like most other miners,a range pattern. this one runs from a 45/50 cent bottom to a 95 cent top zone.

Hopeful miner investors will always want to see bullish rallies that hold at good support zones...this kind of bottom at 45/50 area that rallies to 90 cent area, needs to see a support zone holding around 63-73 area, and then break higher to 1 dollar and beyond.... but like most miners, they have not shown support like that in the past year and a half, since the Cartel shattering. Instead we see share price pattern bottom at 45 /50, rally impresively to 90 area, and fall down all the way back to 50, back to 95, and back down again...thats not a bullish rally trend, its a Range pattern ongoing , and until this pattern changes, one has to anticipate a pullback that still could be traken down again to test 55-50 bottom zone.

Right now is a key time for this miner and many others. because you can see the chart has the possibility of Holding a support zone here around the key moving averages , all converged now at 68/69/70 cents. Its a crunch time for price action now. the bollinger bottom band sits below at 63....but the Range pattern invites selling back down to support levels at 55 area. and the key pivot low in april is 50 cents.

Ive seen many times in these last 3 years of Cartel Miner destruction, great drill results come out, great fundamentals, production records, etc....and the share price plunges down to the bottom zone. these last few years. why is that happening. ask the Casino wizard behind the curtain.
Experts are not wrong when they say gold should be at 5 thousand, or higher. why is it still at 1200-1300 ? same reason miners are still 75-80-90% down from their 2011/2012 top zones.

Miners got crushed down 90% !!!!

this is a profound achievement by the ...powers that be.

In that context, I hope management reports one super duper drill hole to make Nevada proud.

Its a rigged manipulated game going on, and the question remains , IS this game still ongoing? and if it is... why should the price hold now at 66 cents, ...does the computer algo thats created this range up and down 3 times already, plan to flip a switch in midstream soon. and suddenly its a blue sky Miner world of soaring rally...like 2010 all over again.... really ? well, its anybodys guess , and right now is Guessing Time at these Critical moving averages.
Now thats my own opinion of what I see happening in the Miner world. a grand manipulation scheme, and my guess is that its still ongoing.

So for my money, I might choose to watch here and wait to see if price falls a bit lower, and a bargain at 55 cents again might be worth nibbling at .

The Miner world is two separate worlds. the one that used to be, from 2009 - march 2013, and the new reality from April 2013 when the heart of reality was ripped out of the metals and miners price structure, and chart pattern.

The recovery in most all miners looks just like this chart.

I personally dont mind buying some good miners at the bottom zone.

Trading in a Range Pattern is simple. Buy the bottom zone only. sell at the top and do nothing in the middle.

IF this Range pattern is to be broken and turned into a new bullish trend.... GSV needs to hold this support zone above 55 area, but really above 60 area, rally to 95 again, and break on thru to the other side.
The weekly 200 moving average is the automatic target zone in the current cycle. after that kind of rally...we need to see the key moving average cluster at 70 cent area on the daily chart ....HOLD support.
or else we are proving to be still stuck in a Range pattern.
and you'll get another chance to buy at 48 cents again before 2014 is finished.

http://stockcharts.com/c-sc/sc?s=GSV&p=W&yr=1&mn=6&dy=0&i=p81484713282&r=1407909866152