DRM 1.80% 54.5¢ doray minerals limited

Yeh all gone and nice bounce - The selling the last couple of...

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  1. 502 Posts.
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    Yeh all gone and nice bounce - The selling the last couple of days feels like a major exiting not because of the fundamentals of DRM but because of maybe the Au price GCY down hard with a recovery today SBM down hard with a recovery today same with DRM-Anyway 0.30c again has acted as very strong support and we have bounced off it strongly plus its the extreme low of the upward channel - I agree with flaming that while the Au price could fall further potentially down to 1130 which would be a double bottom and coincide with retesting the breakout of the fall from its all time highs -of around $1900USD - We are coming into August where green shoots start to seasonally appear for Au and if this is a tree shake they have done a very good job...

    http://www.kitco.com/news/2018-07-3...rner-Cramer-s-Charts-Show-Bottoms-Are-In.html

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