I have opened a position on this stock. Please do your own research.
Chinese companies are relocating to Mexico for cheaper labor and production costs.
Reclaim of trendline = MEGA HOT
Gold Futures = MEGA HOT
Inflation round two inevitable and Biden's "month on month 0 inflation" LOL.
New outlets painting a picture of "maybe inflation really is transitory" MEGALOL
Let's see how that lasts once we get into winter. Side note: Check out the US oil reserves over the past number of years to now... Yiiiiiikes
Break...
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Based on my indicator, I guess that there is a big buyer on the level 1.5. 2.5 is a possible level of resistance. Green lines on the chart represents possible levels for DCA. Let's see.
Nice breakout on Gold Resource Corporation (NYSEAMERICAN:GORO) on 2x the daily average volume, positive MACD. Look for a quick run to $2.14 then on to $2.3
Gold Resource Corporation explores for, develops, produces, and sells gold and silver in Mexico and the United States. It also explores for copper, lead, and zinc deposits. The company's flagship property is the Aguila project comprising 18 mining concessions covering an area of approximately 24,372 hectares located in the State of Oaxaca, Mexico. The company was...
With all the fear in the macro environment - we could see further corrections across the board. But sooner rather than later gold can be where most will want to hedge themselves against inflation and or recession.
Time will tell, but I'll be keeping this one on my watch list. It's already so low and love this below 1 dollar
With all the fear in the macro environment - we could see further corrections across the board. But sooner rather than later gold can be where most will want to hedge themselves against inflation and or recession.
Time will tell, but I'll be keeping this one on my watch list. It's already so low and love this below 1 dollar
GORO IPO'd at 90 cents. Since then it went up.
Particularly after 08' crash where it went as far as 30 dollars.
Since then, price went all the way down to 1.14 but never reached back down to original IPO price of 90 cents. So I believe this range has a strong support.
Given current environment. It's possible we may see a surge in price of GOLD due to overall...
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $GORO for the past couple months. We're long in gold and silver (which are produced by $GORO) this...
GORO ahead of 120% rise. The financial and fundamental background of the Company is excellent. Its acquisition in the last quarter increases the future value of the company by nearly 10x. This is not reflected in the current share price, and therefore could have significant upside potential. The technical picture suggests a similar picture. I have plotted 3 ATR...
Weekly Demand Zone
Entry 2.4
Stop 2
Target 5
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $GORO for the past couple months. We're long in gold and silver (which are produced by $GORO) this...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing $GORO for the past couple months. We have been...
