Re: Interesting candle by Goldstar 40
in response to
by
posted on
Jul 05, 2010 02:11AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
As a technical analyst myself, I am especially respectful of Goldstar's superior expertise in these matters.
There is no question that ALL indicators are pointing northward after Friday's spectacular action. And that, in itself, would portend a suggested rise in the GNH sp.
There is no question we have momentum, here.....it was the second highest volume day, and a very impressive one at that.
Clearly, there are still ample shares offered for sale, but one must expect that these changing shares are trading to the hands of more vested, longer term holders. That is certainly a good sign.
But may I dare to suggest that TA rules might temporarily be in suspension, here, as we anticipate the James West affect and effect in this essentially make up week of waiting for the Midas Report, and his delayed appearance on BNN TV.
From the assay reports we already have, we are pretty well assured that there is a whole lot of gold stuff to be mined from our very accessible site in South East Quebec, just how much is to be quantified as we go forward with the ongoing drilling program.
At very least, what an interesting and positive chart we have before us, not to forget the overwhelming fundamental story, and the anticipated West effect.
A perfect storm, we might say, indeed!
But, it must be viewed as a very interesting play we would consider to exit from at our own risk and peril.
The way Frank Candido and our newly strengthened board are moving forward, it would be anyones guess as to which serious players might be visiting the site next, and who wants to join the GNH family.
For me, pullbacks would have to be considered as opportunities to consolidate positions in a not so little gold property that would appear to have enough gold potential to become, if you will excuse the pun, a goldmine.
OBS