Although we showed up well after the party had started when we bought Rakla Metals in July, it has still done quite well as we are already up 32% on our purchase and the good news is that it is looks like the steady uptrend will continue and probably accelerate so the stock will end up ascending to much higher levels. On the 3-month chart below we can see where we bought following the early July breakout run since which time is has plodded higher as gold’s consolidation pattern continued, but with gold having just broken out to start another major run and silver looking set to break out above $50, soon, Rakla’s rate of ascent should soon accelerate again,
especially as its Accumulation line has continued to climb even during the minor reaction back towards the rising 50-day moving average of the past couple of weeks.
On the longer-term year-to-date chart we can see where the major uptrend in Rakla started from its January low and that it is still very much in force with the price now mid-trend and there is a high probability, given the increasing vigour of the uptrends in gold and silver, that the uptrend will get considerably steeper.
Rakla Metals
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We therefore stay long and this is viewed as another buy spot for Rakla Metals and therefore a good point to possibly add to positions as it looks like it is headed much higher.
Rakla Metals Inc., RAK.V, RMETF on OTC, closed at C$0.70, $0.50 on 4th September 25.
Posted at 8.35 am EDT on 5th September 25.