Here are some stocks that are bifurcating from the gold price
David Erfle, Founder of The Junior Miner Junky joins me to outline some of the stocks he is invested in or just watching that are bucking the downtrend in the gold price. It all comes down to high grade and economics. These are only a couple stocks that have caught our eye. Please comment with the stocks that you see as drastically outperforming the market.
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Anyone know why Wesdome dived over 6% then bounced back over 6% today to be unchanged in just two sessions, seems odd given its quite a big company and the gold price fell today
This probably explains the gain:
Mr. Duncan Middlemiss, President and CEO commented, “Gold production in Q3 increased 29% over Q2 due largely to the continued stellar performance from our 303 area. With year to date production of 70,356 ounces, nearly the low end of our full year guidance range of 72,000 – 80,000 ounces, we are raising 2019 full year production guidance to a range of 88,000 – 93,000 ounces. Costs are expected to come in on the low end of our guidance of C$830 (US$640) on cash costs per ounce and C$1,280 (US$985) on all in sustaining cost per ounce.
https://www.wesdome.com/news/press-releases/index.php?content_id=356
Thanks Matthew, much appreciated
GDX first target is the Tom Demark breakout at 22.75 on the daily…Weekly same is the breakout 20.28