Another 20% drop might make a low risk entry opportunity.
This is a Katusa pick, but it is showing some breakout. Track accordingly I will buy below the trend line as gold stays macro positive.
Just moving along the Upwards Trendline for now. Bear in mind, this company hasn't made a single profit. But has a great balance sheet. Will take a long while, before it can produce gold. One possibility is a potential sale of the discovered mine. But the company needs many more drill reports, to verify the size of the find.
Over the course of the past several weeks, market participants were witness to a major multi-year break-out in Gold, the physical metal, and as a result, numerous precious metal mining stocks have found the wind at their backs and have followed-through with exceptional upside action with LIBERTY GOLD CORP - TSX:LGD OTC:LGDTF one such example as evidenced in the...