GOR 2.05% $1.74 gold road resources limited

A Au chart I understand c/o IKN blog:Au's sweet, though not...

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    A Au chart I understand c/o IKN blog:




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    Au's sweet, though not best, seasonality is ending. However, these crazy times may be getting rougher so Au seasonality may go the way of the Santa Claus Rally of 2018, ie. not here except for a possible dead-cat post Xmas with momo lasting to/through January. Au may simply breeze past seasonal milestones contingent on outside markets.


    GOR's production may just come online in tandem with Au's strongest seasonal period, starting around end July and going to at least early October! Serendipitous timing IF Au travels using its seasonal signposts.


    On trading: GOR is my core Au, only question is BUY more? When? Bought three othe goldies, sold last week and early this week. Looking hard at a new pick... GOR as a BUY now has two dynamics to an entry point for me. First, the aforementioned seasonality, IF Au is hit (outside markets and/or seasonality) GOR goes down, I BUY. Seconnd, production timing, GOR is in a juicy sweet spot. Mr. Market will anticipate production's start at Au's seasonal strength. Therefore BUYing/accumulating will begin prior to that time. Cautionary note, once production is announced GOR may drop, "sell on news" yadablah. Throw in the usual suspects of drill assays, M&A, Trump tooting, Xi purging... and who knows. Attention Black Swans, the queue starts now.


    OV



 
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Last
$1.74
Change
0.035(2.05%)
Mkt cap ! $1.787B
Open High Low Value Volume
$1.74 $1.79 $1.71 $13.27M 7.623M

Buyers (Bids)

No. Vol. Price($)
3 89155 $1.73
 

Sellers (Offers)

Price($) Vol. No.
$1.74 86504 3
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Last trade - 16.10pm 27/09/2024 (20 minute delay) ?
GOR (ASX) Chart
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