I bought shares of GPL a few days ago. I am not a gold bug or silver stacker but I thought it would be a good speculative investment. You can get it for the same price as I did.
GPL meet all my criteria to be a buy. It had the price action I look for on a chart and it gave the same buy signal on a short term chart as it did on the long term chart so I feel confident about its future.
There is some fundamental analysis that is working in its favor, too. Plus, there is rumor about an acquisition from a larger firm. Basically, all commodities are down in price this year and the shares of the companies that mine them are at 5 and 10 year lows. There will be an event that will send the price of these commodities higher. When? I do not know. How high? I do not know. But I do know that silver is the most volatile of these commodities and silver mining companies are highly leveraged to the price of silver. So a 30% increase in the price of silver could mean a 300%+ increase in the price of the shares. That is what I am counting on.
It could take another year to see the results but that is why I only take a small position to start and then add to it as it moves in my favor.
I sold my AVXL shares yesterday. I made 6x my money in about 2 years, most of it in the last 3 months. There is a big announcement on Nov. 5 about their latest drug. Regardless of the news I think the stock will sell-off and then I can buy more shares later at a lower price if I still think it is a good speculation.
GPL meet all my criteria to be a buy. It had the price action I look for on a chart and it gave the same buy signal on a short term chart as it did on the long term chart so I feel confident about its future.
There is some fundamental analysis that is working in its favor, too. Plus, there is rumor about an acquisition from a larger firm. Basically, all commodities are down in price this year and the shares of the companies that mine them are at 5 and 10 year lows. There will be an event that will send the price of these commodities higher. When? I do not know. How high? I do not know. But I do know that silver is the most volatile of these commodities and silver mining companies are highly leveraged to the price of silver. So a 30% increase in the price of silver could mean a 300%+ increase in the price of the shares. That is what I am counting on.
It could take another year to see the results but that is why I only take a small position to start and then add to it as it moves in my favor.
I sold my AVXL shares yesterday. I made 6x my money in about 2 years, most of it in the last 3 months. There is a big announcement on Nov. 5 about their latest drug. Regardless of the news I think the stock will sell-off and then I can buy more shares later at a lower price if I still think it is a good speculation.