Resolute Mining - How Low will it go ?

[percy]

I hear you mate and won't buy until the chart says its clearly bottomed-out. I'd rather let others have the first 10-15% of a new upward trend in due course than catch what appears to be a falling knife at the moment. I've put it on my watch list though because history tell's me there's lot of money to be made if you get the timing right by buying out of favour companies with dirt cheap PE ratio's. I think waiting until the price has clearly intersected the 100 day moving average with a new uptrend is a nice simple tool that's useful with stocks like this. 100 day moving average is currently at $1.20 so I'm happy bide my time.
Thanks for the warning. Fear and Greed, the two greatest motivators, Greed was starting to get the better of me

You are onto it.
I should have known.!!!

[Beagle]

You are onto it.
I should have known.!!!

Always good to bounce idea's around though and I am grateful for everyone's thoughts.
Interesting to note on CNBC that George Soros and some of the other whales are bailing out of Gold and Silver. Could be quite a while till we see a new up-trend I reckon.

[Joshuatree]

BDR , NST, MML, PGI i believe are the cheapest producers by far, worth putting them on ones watch list and doing ones RESEARCH for when a turnaround in Gold price/sentiment happens

[Beagle]

BDR , NST, MML, PGI i believe are the cheapest producers by far, worth putting them on ones watch list for when a turnaround in Gold price/sentiment happens

Thanks for those tips, much appreciated

[Daytr]

Soros has been bailing out of gold but has gone long call options on junior miners... ;-)