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Wesdome Gold Mines Ltd.Wesdome Gold Mines Ltd.Wesdome Gold Mines Ltd.

Wesdome Gold Mines Ltd.

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I think this is going upThere is no supply anywhere in that market. The last UT was a probe to go up. Easy to say that in retrospec I guess. Anyway, instead of being met with supply, buyers came in so that mKes it a probe. There was a good bar to buy 3 bars after the one marked as SOT. Over the las weeks we saw absorption. This week looks like stopping action or perhaps a UT (to be confirmed) on the weekly. But if we look at it on the daily, yesterday was an UT that was met with lots of buying today. I think yesterday was another probe to go up and today was a spring / bag holding. I placed an order to buy a small position tomorow at the opening.
TSX:WDOLong
by Madcaptains
1
Wesdome Gold MinesIn the precious metals mining industry a large part of equity prices reflect the price of gold and silver. But in this herd of mismanaged elephants and lottery tickets, there exists a few properly managed nuggets that are hidden in the piles of wasted ore. Wesdome is one of those companies. When the gold market really takes off investors will eventually realize this (many already have), and as hot money rolls into mining companies, outfits like Wesdome can be easily overlooked against the larger cap majors. But eventually the smart money finds the well managed companies. This is a long-term hold. Much like Kirkland Lake was a couple of years ago. Watch it shine with Gold and expect a healthy return in the medium term. (assuming banksters don't smash gold).
TSX:WDOLong
by risk1911