Kirkland Lake gold is the #1 performing gold miner since 2016 and rightfully so due to its strong fundamentals and management. Although Gold CFDs have been steadily rising, the price action has indicated otherwise for the past 2 months or so. It is possible to speculate that bears have been taking advantage of the voting period for the acquisition of Detour Gold to both short for the short-term and accumulate for the imminent rise for the mid to long term. The choice is whether to be shaken out or hold with conviction that this name will be a winner for years to come.
Trade active:
Now that the Detour Gold acquisition is officially closed. Underwriting manipulation and market selling of distributed shares should be over. Expect a steady rise back up to fill the long awaited gap at $47. LONG