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Gold Resource Corp Message Board

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  • whitesands_8 whitesands_8 Sep 23, 2011 10:56 AM Flag

    Something to Think About

    Bar and Amadaeus...Yes they are clowns...However, it mean the stock can't trade lower...Those that have gotten in early at low prices have nothing to worry about...And IMHO even those that bought in the high 20's have nothing to worry about as long as they are willing to stick it out a few months...GORO is a VERY solid company..I've been in the gold market since late 1998 and out of all of the companies I've viewed and researched GORO is right up there with the best especially as far as structuring the company in a way that will prove to be of most benefit to the shareholders in a market that is favorable to gold...Remember, Barrons did the same to Royal gold (rgld) at $40/share and it sank down to the low 20's...It just recently traded above $80/share...

    That said I do expect some weakness for the short term, with GORO possibly trading down into the $13 range and possibly as low as $11 just based on the head and shoulders pattern on the chart those are the technical downside targets...IMHO even $30 will look extremely cheap looking back a few years from now...So I consider the idea of these shares getting cheaper for a brief time period to be a very nice opportunity for those that like the company.

 
GORO
3.26-0.06(-1.81%)Mar 30 4:00 PMEDT