On Monday I will be following GQC.V among a few others on Level II... a preliminary chart look has come up with 2 numbers... a real good buy as far as support goes would be in the .30 cent area... but to say that it will get there is just guessing.. the chart looks very early compared to other gold runs from the same position on a chart... (at least to me) and for the price .40 cents to comparable potential is by rumor cheap.... the fundamentals are strong... but what drives the price is sentiment greed and fear... Greed before fear.... so it could move up some, but if it pops the upper bollinger again on this run then, it will most certainly correct with some back fill the next trading day without a News release to drive it... .45 something cents is not out of the equation Monday intra day high... if it does... then a back fill to .37 cents would see me take a bite. If not,... a back fill off the open to around .34 cents would see me very interested... a tight mental stop @ .30 cents... one way or another though, I'm going to take a position... by Wednesday the latest... I'm hoping for a Santa Choke Hold opportunity.
The best entry for controlled risk would be in the .30 cent area!
GLTA
Lostoutwest
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