Australia's largest stock trading and investment forum Australia's #1 stock forum

SLR

Click for more information

1.97%

$1.82 silver lake resources limited

Love your charting work , Nordesmic ....and I don't know when...

First 22 Last

Share
Profile

Follow
maplelegion

602 Posts.

37

29/04/18

11:23

Post #: 32746234
Share

Originally posted by nordesmic ↑

Yes you are absolutely correct Vet. In the short term in gold stocks it is all about sentiment. And sentiment is really driven by USD price of gold. We know that in the US investor demand for gold goes up as price goes up. Gold stocks even more so are a speculator driven market. That’s amplified since the gold stock ETFs own 10% of most of our producers.

In the medium to longer term the Australian gold producers have been tracking higher over the last 4 years and that’s at a time when A$ margins are near the highest ever. The key caveat is that the gains have all been in the stable producers. The companies with high costs and unsteady production have been completely ignored. Maybe that’s starting to change with the second tier producers starting moving now.

Expand

Love your charting work , Nordesmic ....and I don't know when you last "charted" SLR on HC .
But technically , I see moving average 50/200 has just crossed on a 12 month and 3 year basis , and it finally looks very positive . Might have some consolidation time to do here ---but suggest others technically minded have a glance .
cheers

SLR Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

SLB

PhosCo inks MOU with Tunisian gov't, EU bank to pave way to Gassaat fert project

There are more pages in this discussion • 4 more messages in this thread...

First 22 Last

Add SLR (ASX) to my watchlist