Dundee Precious Metals DPM trade1 Price broken out (uptrend)
2 Room to move above distance from moving average (unstretched)
3 Outperforming GDX (better than sector performance)
4 Upward momentum (tailwind)
DPM trade ideas
Dundee Sale - Ascending ScallaopDundee was about to go to the moon before the gold drop this morning. Nice
Sale!
Dundee Precious Metals LONGDPM Canadian gold mining company mining in Bulgaria. 68% increased output and by recent research there is much more concentrated gold,silver etc... in the ground. Look at Financial Statements Debts have been decreasing for a while. Price of GOLD is going up so the mined gold reserves could be sold for a good price and FCFF will rise sharply. Very bullish on that company. Technical analysis tells the same story. Since the last 2Q price went up from 2$ - 3$. I am expecting further appreciation of that stock. Recently broke above pattern and the way up seems to be clear. GOOD LUCK
