Gold Resource Corp - GORO

[MetalMeister]

Since I have posted a few times on this one already, might as well create a thread on this one as its going to last a long time.

Might be only one hole reported here but it is a doozy!

1.2 oz Au/ton and 70 oz Ag/ton!

http://goldresourcecorp.com/releases/GRC-2011-02-22-1.pdf

http://finance.yahoo.com/q/ks?s=GORO+Key+Statistics

[sidewinder]

Man, them's som serious numbers.

Technically, it made it's last new high on 3 Jan.  Then it failed to make a further new high and on the daily it has two failed new highs.  So the way I count waves its in a wave 2 sideways and could go either way with the bias to the downside for now.  It needs to close above 25 for me the think it has shaken the down trend it is currently in.  However, posting numbers like those ought to get somebody's attention and someone not so risk adverse could enter with a close stop to the down side just in case.  BUT the stop would have to be just below that low spike on 1-25-11 at 21.16.  I would say about 20.85.  Just thinking on the keyboard.  Personally I will wait and watch.  But good find anyway it should be on everyone's watch list IMO.
 

[MetalMeister]

Interesting to know.  how does that compare to what your TA says about gold and silver in general?

Yeah, if you check real close on their website, GORO is really REALLY low cash cost on the gold and I think the silver is free...

 

[sidewinder]

how does that compare to what your TA says about gold and silver in general?

in general  .... UP

right now both look to move sideways and gold maybe a test of the 50 sma or 1372 or so on the cash market then on to attempt a new high.