After New Mexico purchase and current PM market movement, there is no downside here. Possibly some pressure from paper being unloaded onto the market but I have to assume that the share price + gold momentum will move the cheap stuff quickly and the impact will be minimal. The greater question is....who is going to buy it. BTO said no thanks less than a year ago....
In a series of ascending wedges...green line represents the long average. I think we hit the end of the current triangle and with no gold news, continue in this .225 - .27 range. If gold gains some traction, along with the recent deal with backing from Palisades (that the market seems to have mixed feelings about), we could see GG pushing back into the .32 range....
Please comment on my horrible skills...I would actually like to get better one day even if I don't put much effort in.
GG continues to surpass other gold plays. I said 3 months ago that it would weather a downturn handily...voila...big plays like bto/knt...punched on the nose. GG escaped in good shape...long shart looks like handle of the cup...cup of glory!!...
GG is stepping up production and is paying off debt. All while a very pretty cup and handle is forming. Where do we stop in the medium term? I'm betting on .60.
First published idea, give it a like!
Looks like the averages have crossed and it's time for some vertical. How much, not sure. There was no news and all other gold plays are down...could just be reddit rumble
Headed higher...if it breaks the wedge I guess .19 is possible (lets hope not). All buying opportunity though with the fed printing overtime. Long from .09
Slowly crossing up the SMA10 and OBV showing a light uptrend. If volume picks up, the uptrend can be confirmed. All starting to look good with potential at CAD 0.57 level. Don't ask me when, Renko doesn't give such answers :-). Looking forward to your feedback.
About Renko Charts
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This comany is roughly 50% owned by managment. Its a producing mine with strong managment with extremely low market cap of 10 million. THere are lots of lines of resistance but price likes to spike hard becuase there is so little volume, due most likely long term holders. I am holding tell at least $.25 for now
