Long
Fosterville Gold - 3 new mine acquisition hype. Sell the hype?
Fosterville recently acquired three new mines and its stock rose accordingly as the location of the new acquisitions is a proven 'gold mine' location.
But, the trend seems to halt. The old trend was broken but the new trend, or hype, seems to form a 2 horn high. Is the Bull completed and are we ready for a freshening drop to see what this stocks real nett worth is going to be?
If demand for gold keeps pushing and economic uncertainty is not removed this might be a well investment for a LONG.
Or should we wait for a new bear after the hype to step in cheap?
A long term investment seems a good bet with three new promising investments. I tend to go long on this steady Canadian company.
Show me your thoughts.
Note
Update. Game is on.tradingview.com/chart/QwHDMRsc/
Note
Well, gold was on a hold. Severa; drillings revealed gold in different grades. Fosterville had a spinoff -> Leviathan. 1 to 2 shares. I bought some more. We are still on track. But we want to see some gold ...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.