Welcome To the Gold Bullion Development Corp. HUB On AGORACOM

So far in 2015, three trenches have been completed in the area covering the smallest proposed pit located furthest west with channel sampling from the middle trench, TR15-11, returning 6.05 g/t Au over 8 m including 14.98 g/t Au over 3 m.

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Message: Re: Don't be surprised at a pull back in stock price............

From the daily chart I see the main support is at 25c. The run up was from 21c to 31c - a move of 10c. Thus the Fibonacci retracement levels are:

38.2% - 27c

50% - 26c

61.8% - 25c

So between 25 and 27c incl. is a good band to accumulate stock. The retracement volume is relatively low as this stock has strong fundamentals so don't be surprised if the SP does not go down to 25c.

RSI - stands for "Relative Strength Index" which is an unfortunate title for today's indicator. Originally I believe it was a comparison between the stock price and a stock index but RSI today is a popular momentum indicator which compares the magnitude of a stock's recent gains to the magnitude of its recent losses.

The information is then transformed into a number between 0 and 100 with the computation over a specified period, such as 14 days, as recommended by its developer J Wiles Wilder.

Personally I prefer a shorter period of 7 days thus RSI(7).

If you require further info. I suggest reading "Chart School" at www.stockcharts .com

Hope this helps.

Centurion

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