NIA's Ely Gold Royalties (TSXV: ELY) Bullish chart and commentary
currently has the #1 most bullish chart out of all gold stocks! On Friday, ELY gained another $0.02 or 5.26% to close at $0.40 per share on HUGE volume of 386,720 shares, more than quadruple its average daily volume! This was ELY's second highest daily closing price and #1 highest weekly closing price of the last 9 1/2 years!
ELY's current 14-day relative strength index (RSI) is only 62.77. During ELY's summer rally, its RSI first surpassed 62.77 on July 9th when it closed at $0.22 per share. Over the following month, ELY gained an additional 113.64% to reach a new 9 1/2 year high of $0.47 per share! Click here to see for yourself!
ELY has achieved green candlesticks on the last six consecutive trading days! This means that on each of the last six trading days ELY closed at a higher price than it opened! This is ELY's most consecutive green candlesticks in history!
Look for ELY to surpass its 9 1/2 year high of $0.47 per share reached on August 6th sometime this week! ELY's #1 most valuable asset is their 2% royalty in Wallbridge Mining (TSX: WM)'s flagship Fenelon project. When ELY hit $0.47 per share on August 6th, WM hit $0.47 per share on the exact same day! Both ELY and WM finished the month of September at $0.32 per share. Since then, WM has gained by 56.25% to a new 11 1/2 year high of $0.50 per share vs. ELY only gaining by 25% to $0.40 per share!
ELY's #2 most valuable asset is their 0.75% royalty in the main reserve area of Gold Resource Corp (GORO)'s new flagship Isabella Pearl Mine in Nevada. GORO finished the month of September at $3.05 per share and has since gained by 34.1% to a new 6 1/2 month high of $4.09 per share!
For the month of October, WM has been the #1 largest gaining mid/large-cap gold stock and GORO has been the #4 largest gaining mid/large-cap gold stock! ELY is likely to rapidly catch up to the October gains of both WM and GORO in the days ahead!
Check out NIA's exclusive chart comparing ELY's October gains to both WM and GORO by clicking here!
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