gdxPCY news out, management put their cash out for placement
07 October, 2019
Download as PDF Vancouver, British Columbia, October 7, 2019 – Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY, OTC:PRPCD, Frankfurt:1P2N) announces that it is undertaking a non-brokered private placement (the “Placement”) involving the issuance of 10 million Common Shares of the Company (the “Shares”) at a price of $0.40 per Share to raise aggregate gross proceeds of $4,000,000. Company management and directors will purchase 400,000 Shares of the Placement. The Shares will
GDX trade ideas
GDX, VanEck Vectors Gold Miners ETF - Potential Risk RewardAMEX:GDX
If the value of gold continues to increase, automatically the companies linked to the extraction of this metal would derive profit from it and therefore we wait for a breakout of this resistance to allocate eventually a part of the portfolio on this ETF.
As we also notice from the point of view of the potential resistances that could be found on the path towards the achievement of profit would be very few, and therefore the Risk Reward is very interesting.
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gdxdaily support and weekly support, if it were easy we'd be rich and not here ..... Armstrong says one more drop to support needed , 1310, whatever, backtests are healthy if not then blow off top and over. Drills still turning , money still being printed. Prophecy drilling in bolivia with nov results, seems Bolivia miner friendly now as nuag explosion smells of a gig.... Gran colombia selling assets to fund explor and not dilute, pcy setup to fund project with spinoff/sprott, bonterra still spinning holes, what's not to like ...
GDX - Final divergenceI think the GDX rally is done too.
All the indicators are showing divergencies in GDX.
It rallied almost to the 2016 highs...
We will get a pinbar ( inverted hammer or shooting star ) on the weekly chart.
The weekly chart's indicators need to tag the oversold territory in this decline.
It might close the gap at 24 -24.56 or might test breakout at 23.67$.