At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued. Merely a move back to previous highs would be significant. In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked.
I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment.
This is not trading or investing advice, merely educational research. DYODD
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in the event SPAZF sold off towards major support below 0.02, I would buy even more. Between 0.03 and 0.01 would be a buy, buy, buy for my purposes.
Trade active
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SPAZF has held the purple rising support line very nicely.
A move to 20 cents looks highly probable
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SPAZF has impressed with its stability. I'm very bullish