That's why I'll be holding on. Haven't waited this long to bail a profit when things get exciting. Already extracted my money back years ago anyway, so it's a free carry. TGM also up 10% today.
Silver Lake at a 6 yr high. Mid-Feb 2019 wedge breakout turned into a substantial Stage 2 bull run on sustained volume. One of the better performing gold stocks around. High AUD gold price should help margins at its 2 Aus mines. Chart may be extended ST. (see previous chart for wedge breakout)
I want a retest of 85 cents.....can someone please sell all their paper silver and manipulate the price down a bit.
I was comparing the recent percentage gain between SLR and NCM.....SLR outstripped NCM so I am hoping that if there is a pullback in the gold price, SLR will fall harder and faster than NCM.
Several factors, a small gold retraction + a small general market recovery, booth of which almost guarantee gold stocks go down. So nothing really to do with SLR as such.
Watching this stock as closely as I have been, I cannot help but think that its price is a reflection of the gold price and not silver as its name suggests. It has gone nowhere with the recent rise in silver price. More profit in gold I assume.
Yeah, I was hoping it would hold above the dollar. Looking a bit shaky, but I don't see it going down much further, subject to something blowing up in the market. The heat has gone of gold in the last week. I still think it's a great long term hold.
SLR has been dropping since 23 of July. At .958 is only 10c above its price on 4 April when gold was at still at 1800.
Think it want's to fill in the gap at 94c, then touch down to 88c. It always amazes me how by people believing in charts it becomes a self fulfilling prophecy.