Fosterville Gold - 3 new mine acquisition hype. Sell the hype?
Updated
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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