Osisko #Gold Royalties $OR.to will it ever recover?

Osisko Gold Royalties posted record GEO production this quarter. However, the company indicated a substantial non-cash impairment that was surprising. The stock has suffered a massive selloff with the acquisition of the Bakerville Gold mine starting in September 2019.

Then, the weak diamond market at Renard and the sale of the Brucejack offtake were the main issues that pushed the company to revise down the 2019 guidance.

The combination of those factors triggered a "correction." Despite the gold price increase, now reaching a multi-year high, the stock was not able to regain strength and has languished since then in the $8s range.

...

OR experienced a support breakout of its ascending channel pattern at the end of February and dropped to nearly $8.00, which is now line support. The new trend that I see is a descending channel pattern with line support at $8.00 and line resistance at $9.60.

My recommendation is to buy at or below $8.00 and take profit at or above $9.60.

See the whole post on Seeking Alpha: https://seekingalpha.com/article/4330549-osisko-gold-royalties-too-early-to-call
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MasterMetals
@MasterMetals

There Are 316 Men Leading #Commodities Houses and Only 14 Women - Bloomberg

"Historically, fewer women have studied subjects like engineering that funnel people toward the oil industry."

"We haven't reached a critical mass of women in the industry, we're not there yet," said Claire Tomlin, who is now a managing director at commodities headhunting firm Clarion Search. "Once we get there, working practices will change.

See the whole report here : https://www.bloomberg.com/news/articles/2018-03-19/there-are-316-men-leading-top-commodity-houses-and-only-14-women 

After the Fed's 0.50% rate cut, #Gold remains strong.

bit.ly/MasterMetalsCharts


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MasterMetals
@MasterMetals