Yea i know i published an idea on gogold before . FYI , i was stopped out and i DO NOT post my stop losses. Im way too busy to bother with that . This is another kick at the can that is gogold resources . Still a solid company and which many do not know is a primary silver miner . That's why i like them . They just bounced off major long term support but i expect...
Gogold is consolidating around the level of the 2014 high . This is a classic example of old resistance becomes new support . A little known tidbit here .... Gogold is sitting on a literal shit ton of silver . shhhhh ;)
Rising expanding wedges are made to be broke, and the ostensible one was broken so redrawn with a grey zone, expect this thing to lift off soon!
Bullflag is textbook!
Just nbeed suilver to fk off and low already!
- Ascending Triangle (Potential for breakout)
- Waiting on retouch to 50 EMA and cross over in oversold region on stochastic
- Analyst estimate positive earning reports on May 13th
I am not a financial advisor and this is just my technical analysis on it.
2020 proved to be quite a turnaround for $GGD financially/operationally and the near term production looks very promising.
At YE19 - cash was low, ops were running at a small deficit, market cap of approx $125m.
At YE20 - cash is U$53m, ops are running at record production, market cap of approx $615m
Silver performed well during 2020 which allows GGD to...
Gogold Resources, Inc. engages in the exploration, development, and production of gold and silver. Its projects include Parral Tailings and Santa Gertrudis. The company was founded on January 18, 2008 and is headquartered in Halifax, Canada.
