GOR 2.97% $1.22 gold road resources limited

gor chart

  1. 2,012 Posts.
    My thoughts are gold will hit the $1650 mark sooner, rather then later with $1800 by december

    Market has traded in the 4500 to 5000 mark for about 18 months and is due for a breakout. Problems overseas will see strong support for gold over the next 12 months. While the Aust market keeps going sideways, gold and other commodities have held up well in a dull market. This is the key for the next bull run.

    If we breach the 4500 mark we may see some blood on the floor and the market pull back to 4300. Im out if thats the case and will wait for a new entry point.

    Next 6 weeks will be the key to where our market heads i believe. If we break out then the next 12 months should be a dream run for most gold stocks and will bring good returns to the ones who take the punt.

    Price of gold has continue to rise and will continue with the U.S printing money to stay afloat. It may mean the difference is always the same with the Aussie dollar staying stong as well, but overall most gold explorers and producers should see very good upside if we break out of trend.

    Gor will be result driven and timing will be everything on their announcements. We could see some very high peaks with the next 6 months of results comming thru and record gold prices and a true break out. Previous high should be gone before the end of oct.

    Watch for entry from new funds. Lot of them have cash sitting on the sideline and waiting for the market to turn. When that happens, do not blink or you will pay a higher price to hold a gold stock.

 
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Last
$1.22
Change
0.035(2.97%)
Mkt cap ! $1.069B
Open High Low Value Volume
$1.18 $1.23 $1.15 $10.14M 8.430M

Buyers (Bids)

No. Vol. Price($)
4 70115 $1.21
 

Sellers (Offers)

Price($) Vol. No.
$1.22 228939 6
View Market Depth
Last trade - 16.10pm 26/02/2021 (20 minute delay) ?
(live)
Last
$1.22
  Change
0.035 ( 2.68 %)
Open High Low Volume
$1.17 $1.23 $1.15 1329145
Last updated 15.59pm 26/02/2021 (live) ?
GOR (ASX) Chart
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