Beginning of An Intense Breakout
This stock has been controversial, as on past postings where I said I was buying, feedback from past owners who got burnt holding during the last gold bull and bear market, was negative. Look at the chart. As I have indicated before, this has been the best leader in telegraphing what gold and the gold stocks were going to do, IN ADVANCE. It led all the way down in 2019 until the smash in March 2020. It then led all the way up until the Aug. 2020 peak. It again led the way down until the Nov. 30th bottom and bounced and made a double bottom in late January. Since, the recent upside explosion has taken place with huge volume.(some from financings but they have done financings before) This last 5-6 day pullback signalled the weakness in gold and the gold stocks once again. It traded down to the zone where the 50 and 200 day mvgs. are close to converging. Could there be one more pullback to as low as .70 (worse case scenario), possibly but unlikely. I am looking to add between today and tomorrow right here in the .76-.77 area. I love GSV.
when you fall in love with a stock, they usually wind up breaking your heart.
I used to fall in love with stocks. Now – here today, maybe gone tomorrow, or who knows maybe gone in the 10 minutes if it’s appropriate.
Should have said I love the chart. The chart never dissapoints.