Goldtent TA Paradise

Buying on a pullback?

1. Bikoo99 says:

   June 10, 2019 - 12:13 pm at 12:13 pm

   “Spock’s Rocks doing well ” But hey must be way down. Also some of them are 10:1 reverse split.

   If market picks up they will do very well.

2. Curly Top says:

   June 10, 2019 - 12:16 pm at 12:16 pm

   yeah gold topped on Day 25 (June7) of its DC so there aren’t too many possible days left in this DC for gold to go down. I guess we could expect a low by Friday so yeah, probably a nice time to be buying.

   I’ve been wanting to add to my Soxx (generally speaking, looks like we’re on Day 5 of the new equity DC, and in a new IC as well ) but was out this morning and came back to a big move. Now I see two gaps that need to be filled – about 4% below where we are now – and am wondering if I should wait or chase. This early in the cycle I’d be surprised if we fall back 4% but at the same time I’m expecting a good DC and wonder why we should ever get back to the levels of last week. I’m trying to add for a very long term hold and maybe I’m being stupid worrying so much about the entry.

3. Mserr says:

   June 10, 2019 - 1:34 pm at 1:34 pm

   Spock kept asking us. Who will still have positions when the stocks go up
   He also told us go fishing.

   The rocks I have. The story I bought on still are intact
   I think

   • Bikoo99 says:

     June 10, 2019 - 3:15 pm at 3:15 pm

     Also coffee can stocks???

     He may be still correct if GSR cooperates. Gold can go down and GSR trend changes than Rocks will have it days.

4. North says:

   June 10, 2019 - 1:41 pm at 1:41 pm

   Will go down a lot farther.

   • Alex33 says:

     June 10, 2019 - 2:09 pm at 2:09 pm

     Agree. Exploration stocks are dead. NUG recently cancelled all exploration because they did not secure additional funding. Only good producers and royalty companies will survive. Forget explorers, the only thing these companies do is stay alive pay salary and produce fancy NR. Not for me.

5. Mserr says:

   June 10, 2019 - 2:17 pm at 2:17 pm

   But I have a question. Where will they get the gold to mine ?

   As gold mining companies have slashed their exploration budgets?

   • Alex33 says:

     June 10, 2019 - 2:25 pm at 2:25 pm

     Full agree, but there are plenty of exploration and development companies with proves deposits that trade at 10% of NPV. I think if gold goes up, some of these companies will be taken out. But most of the exploration companies without resources will never be taken out and are just life style companies, printing shares. Why would you buy a risky explorer if you can buy a drilled out deposit with an economic study on top. I would know the difference. Once these companies are taken out, exploration companies can chase investment dollars again, but that will take at least 3-5 years and/or $2000+ gold I believe.

6. Mserr says:

   June 10, 2019 - 2:40 pm at 2:40 pm

   I ageee. The explorer needs to have the right property
   Proven reserves. Location. Accessibility quality of g/t
   Etc.

7. Fullgoldcrown says:

   June 10, 2019 - 3:56 pm at 3:56 pm

   In a real gold bull run Everything goes up

   Explorers are at such depressed points they will rise the most %age

   But until a confirmed Gold Bull they are dead money

8. Steins1 says:

   June 10, 2019 - 5:25 pm at 5:25 pm

   Thanks for all the comments. Still ended down a 1/2 %……Go figure except gold recovered nicely.