28th Jan 2020. 11.46am
Regency View:
TAKE PROFITS – Trans-Siberian Gold (TSG)
Regency View:
Trans-Siberian Gold (TSG) – Close at 50p
In our early Jan Portfolio Update we mentioned that we would review our position in TSG following their disappointing mineral resource estimate.
Whilst rhetoric from CEO Alexander Dorogov has remained defiant, the collective intelligence of the market is telling a different story and the shares have failed to bounce back.
TSG’s growing negative divergence from a robust gold price (see chart below) is very concerning and we believe it is the correct time to close our position and take a modest profit.
Gross Profit = +12.87%
TSG Daily Candle Chart
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