Goldtent TA Paradise

Labrador gold

1. Gold Learner says:

   May 21, 2021 - 7:27 pm at 7:27 pm

   Sir Highroller,
   I do not have either Labrador or New Found Gold shares.
   I kept watching NFGFF for most of the day today in the 7.50 or so range. That stunning up move into the close … I was not prepared for that.

   But Labrador Gold has some long term history, and has relatively not moved up as much as New Found recently.

   Do you recommend buying NFGFF regardless of price?
   Or buy some Labrador now and wait for a pullback in NFGFF? I understand that it is quite possible that such a pullback may not ever happen.

   I have accumulated Sky Gold from September 2020 (price 0.1349) till middle of April 2021 (0.0897), with an average price of 0.1096

   Thanks,
   GL

2. Highroller says:

   May 22, 2021 - 12:17 am at 12:17 am

   I suspect Sprott got to see the pending drill results for the 15 million cash. Here is my chart with the weekly 9ma for support. >82 is some volume support. Stock market may dive into June and Fed will have to pump them up according to Armstrong. Money flow back to S&P as BTFD . Makes sense, I also have a post-it reminder for June turning point in gold. My gold chart says beware of the resistance above as very similar from before. As for nfg, I would wait to see if it has energy to break above last week high and enter with tight stop or try to wait for a drop to 9ema then enter( could occur at halfway point on friday candle area.)

   https://www.tradingview.com/x/RTJDzbop/

   https://www.tradingview.com/x/RTJDzbop/

   Was out of town to reply for denarius, weekly 50ma looks like the b/t for a stop. will watch the wedge and volume
   https://www.tradingview.com/x/TUSf9hnm/

3. Gold Learner says:

   May 22, 2021 - 6:57 pm at 6:57 pm

   Many thanks for your reply, Sir Highroller.
   I’ll probably not chase the price on either Labrador or New Found Gold, but will keep monitoring the levels you suggested.

   Regards,
   GL