Loading ...Something Rotten In Denmark-Or Mother of All Headfakes
So far, it looks like I am wrong about GSV. I thought today and a worse case scenario of .70 would be a good buying opportunity. That was wrong. No news so far(don’t know if that is good or bad.) It is the typical Tuesday where they almost always take gold and silver down and today marks the expiration of the Feb. contracts for both. I expected the volatility for the metals and the miners BUT NOT such a beating for GSV. Lets see where it ends today. Busted leader or huge shakeout?
Hold on silver bronco riders!
https://media0.giphy.com/media/YSGsgBkBI41a3gJePZ/giphy.gif?cid=ecf05e47p62i0prexznuxondtqm3ck2l7hpa3s8mxkh9m0cg&rid=giphy.gif
https://www.youtube.com/watch?v=nsSx6nXpBMg
Why not buy something that actually makes money? GSV has been in business a long time and never made a cent.
I buy plenty of companies that make money. If you invest in any small junior mining companies almost none of them make money at this phase of their and the bull market life cycle.
I understand, and I buy those as well, but GSV seems particularly slippery. Luckily I got out AGAIN for the fifth time and never will be back. Of course now they will be bought out and fly sky high. So now is the best time to buy. Many could have been made rich by simply buying when I sold, and selling when I buy.
Jon Awde was forced out of the company he co-founded and resigned his directorship yesterday. He controls a large position in the company and could be liquidating much of it this morning. We will find out when the insider transactions are posted on Canadian Insider.
I know about him. He was forced out of management previously and this was probably the end of his directorship term anyway(not sure). Don’t think he is going to liquidate his holdings all at once, if at all, at this time. There is either some other real fundamental issue that we don’t know about yet, or it is just a shakeout that will be over in a day or two. I am keeping an open mind to see howw it plays out.
Today looks like a shakeout to me. It is clinging to weekly cloud support for now. and really has no business breaking down significantly from here.
I agree with you so far. The volume this morning didn’t warrant the extreme price decline. Either there is going to be huge volume on a further sharp drop, and then news in a day or two that explains it, or it bounces back this afternoon and closes near the 50 and 200 day?