Kirkland Lake is down 40% from gold's September high of 1550 yet Gold is pushing $1700. Its down 18% from the market meltdown. I suspect this means that if gold gets sold in the coming crash that the dip in gold and gold mining stocks will be limited not extended. It won't be like 2008.
A 60% correction from September's high puts Kirkland at $20/share. I will be...
We've seen multiple instances whereby the 50MA crossed back over the 200MA for a death-cross scenario as well as near death-cross scenarios, all with 100% recovery. Will we encounter another death cross scenario with full recovery or a near death-cross scenario as indicated? I'm betting that Bulls will step in due to the strong fundamentals and growth potential of...
Getting pinched hard on my KL position but will hold on tight.
KL is showing a tail and trading completely outside its Bollinger Bands. Historically, that's been a good entry.
I have been in spots like this in this name before. It really is darkest before dawn. That long term chart, I don't think is a lie.
Kirkland Lake gold is the #1 performing gold miner since 2016 and rightfully so due to its strong fundamentals and management. Although Gold CFDs have been steadily rising, the price action has indicated otherwise for the past 2 months or so. It is possible to speculate that bears have been taking advantage of the voting period for the acquisition of Detour Gold...
KL has been a stellar gold stock since 2016 and just acquired another mining operation for synergies yet to be seen. Some buy and hold and others ride the wavy train when it slogs up.
Gold is inflation resisting and volatility drives the train.
Generally it not hard to see price movements , but much harder to know how far will it go or how quick you need to get in for a meaningful gains
This indicator is funny looking , but for the test sake I put it here .. I do believe it can visually support this chart
GL all ,stay golden $$
Taking a swing at this one for a hit out of the ballpark...high quality junior mining co. Good R/R. Lots of room to run.
Long-term bullish on gold for 2020, expecting portfolio readjustments, risk control, inflation hedges.
Picking up some shares today. Merry Christmas.
That is a free cash flow generating machine.
After their aquisition with a company which has around 1.6B assets, they paid 4B and the price went of course lower.
Does the aquisition makes sence? In the long term probably yes shareholders hate to give their money for mergers.
Bounce from 50SMA weekly and a potential gap fill.
Kl rebounded from the same...
Kirkland Lake Gold Ltd. engages in the mining, development, and exploration of gold properties. The firms projects include Holt Mine, Macassa Mine, and Taylor Mine. The company was founded on July 10, 2015 and is headquartered in Toronto, Canada.