June 13, 2014 04:04 pm
Anybody who trades BGM knows that most good news release come out on a Tuesday or Wednesday.
This has been going on for months as the company normally works on a press release and the board of direcrtors sign of on the Monday and releases it on the Tuesday or Wednesday.
Example June 4 Wednesday Mill reopens.
April 9 FIRST GOLD DORE BAR
They mostly hit the Wednesday so buying before and selling after is a PRETTY safe bet. Companies have there patterns.
I am expecting a pour report on a Wednesday.
June 13, 2014 05:58 pm
Nice observation!!! Very valuable info indeed. This buying spree seems to fit your hypothesis. I shall watch this closely next week....I'm allin now but if given the right pricepoint in the mid to high 40's, I could unleash about 20-30K in shares to re-coup a 40-50% profit. I likely won't because at some point in the future, we will not want to be caught missing the big wave taking this thing up. Stranger things have happened this time of year and the sideways trading, declining trend over 3-4 months could offer a nice entry for large block buyers (someone is thinking this way from Comark yesterday), especially given the 'fresh' situation in Iraq and the U.S. declaring an interest to engage.....means printing more U.S$ they don't have.......elevates the price of gold!!
Cheers.....have a nice weekend