Just tracking the gold price isn't it?
RED looking fairly good. A nice bounce back from $1.20 now @ $1.70. Silt doesn't seem to be an issue now as reflected in the price.
Note: how Boogo only appears on this thread when RED drops. I guess he's the opposite of if you dont have anything positive to say dont say anything. Still waiting for that $1 forcast Boogo?
Just tracking the gold price isn't it?
...who knows but at least they're have sorted out the silt issue and in full production now. Next quarterly should tell.
I think I just found your method, I rest my case
A silly question for you is why do bother posting comments on this thread when your just not interested RED. You only tend to jump on the thread when RED tumbles. Like stirring the pot hey.
Geezus this is childish. I feel like I'm reading a transcript from a prep school playground.
Grow up it was you that stated the rubbish with your post at 2:00 pm. Post like yours make this a much poorer place to be.
RED looking fairly good. A nice bounce back from $1.20 now @ $1.70. Silt doesn't seem to be an issue now as reflected in the price.
Note: how Boogo only appears on this thread when RED drops. I guess he's the opposite of if you dont have anything positive to say dont say anything. Still waiting for that $1 forcast Boogo?
Boggo ,Thanks for the chart.
My theory is that if it goes past $1.73 and holds volume we may quickly go to $2.10 level which broke down in mid March when Cap raising was announced.Plenty of gold there only their execution has had lots of slippage.
Gold price at the moment is very posative .
My theory is that if it goes past $1.73 and holds volume we may quickly go to $2.10 level which broke down in mid March when Cap raising was announced.Plenty of gold there only their execution has had lots of slippage.
Gold price at the moment is very posative .
Well - a blown off top for the week, closing at 1.67.
Would be nice to see a retest of the 1.60 level Monday, which is possible due to the easing of the gold price overnight. If this level holds up on low volume then it's on. Risky area though and has been tested twice before.
Well - a blown off top for the week, closing at 1.67.
Would be nice to see a retest of the 1.60 level Monday, which is possible due to the easing of the gold price overnight. If this level holds up on low volume then it's on. Risky area though and has been tested twice before.
G'day,
I can't for the life of me determine what it was that brought this stock from peak highs to an almost 50 percent loss in price.
You shouldn't have added that comment!
In the interest of everyone's sanity, let's just say that there were more sellers than buyers and move on to the future (which may be full of devalued currencies and/or/RED gold).
I can't for the life of me determine what it was that brought this stock from peak highs to an almost 50 percent loss in price.
In most cases I think it is worthwhile looking at it the other way round, ie. what took it to the peak highs prior to reality setting in. The reality is that the market always seems to find the true value.
In the case of RED there was an abundance of news items from around July 2011 that painted a rosy picture which understandably led many to get involved which in turn drive the price to unsustainable levels (the peak high).
Example extract from a publically available report...
hum still think it is worth a bet, I am in again at 1.22 and see if I can get a quick gain: just need some bad news, ->gold price rises and you can do a 20% gain; but stop loss ready and definitively not a long term investpor with red: have been burnt before
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