Greatland Gold for 2/12/2020

#France #Nasdaq Those who watch ‘Gold Rush’ on TV will doubtless remember last year, when one of those featured (‘Parker Schnabel’) visited Australia to search for Gold during the frozen season in North America. The fascinating series which ensued obviously discovered Gold, along with the important detail the product was not discovered in powdered, ground down, form, but instead as nuggets of a size generally unavailable in the Canadian wilderness.

The documentary series completed with an admission by Parker he intends revisit Australia, next time geared up for proper mining.

Importantly, the bloke ‘Parker’ is in his early 20’s, armed with a work ethic which ensures his team of miners exceed the results of other mining companies featured. It will be interesting to see if he continues to outperform in Australia. This, neatly, brings us to Greatland Gold, a company already operating in several areas on the continent visited by Parker during 2019. Their share price has performed quite strongly during 2020 and now decorates the sky at its highest level ever.

We’ve no reason, visually, to expect the gains to cease. The current picture is pretty amazing, suggesting price movement above 29.7p should continue a march toward an initial 31.2p with secondary, if exceeded, an impressive 35p.

Arithmetically, we start to experience problems at the 35p level unless the market discovers an excuse to start “gapping” the share price up at the open. Should such occur, it becomes very likely the prospect of a ceiling at 35p shall be exceeded.

 

If everything intends go wrong for Greatland, the share needs melt below Red on the chart, currently around 19.5p. This will risk triggering a reversal cycle toward 12.4p.

 

For now, we’re inclined toward enthusiasm with this share price and suspect gains shall continue.

 

 

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
10:05:51PM	BRENT	47.29									Shambles
10:10:52PM	GOLD	1815.46									Success
10:14:22PM	FTSE	6389									Success
10:16:47PM	FRANCE	5582.9	5563	5555	5543	5580	5591	5606	5643	5569	Success
10:18:43PM	GERMANY	13384
10:25:01PM	US500	3659									Success
10:37:56PM	DOW	29774									‘cess
10:40:16PM	NASDAQ	12461	12330	12262.5	12178	12472	12516	12573.5	12929	12309	Success
10:51:29PM	JAPAN	26876									Success

 

1/12/2020 FTSE Closed at 6384 points. Change of 1.88%. Total value traded through LSE was: £ 5,720,343,712 a change of -42.77%

30/11/2020 FTSE Closed at 6266 points. Change of -1.59%. Total value traded through LSE was: £ 9,995,620,767 a change of -0.31%

27/11/2020 FTSE Closed at 6367 points. Change of 0.08%. Total value traded through LSE was: £ 10,026,664,770 a change of 117.2%

26/11/2020 FTSE Closed at 6362 points. Change of -0.45%. Total value traded through LSE was: £ 4,616,288,955 a change of -37.01%

25/11/2020 FTSE Closed at 6391 points. Change of -0.64%. Total value traded through LSE was: £ 7,328,126,643 a change of -3.31%

24/11/2020 FTSE Closed at 6432 points. Change of 1.56%. Total value traded through LSE was: £ 7,578,918,377 a change of 19.1%

23/11/2020 FTSE Closed at 6333 points. Change of -0.28%. Total value traded through LSE was: £ 6,363,234,404 a change of 15.64%