Gold Resource Corporation: Packing My Bags

About: Gold Resource Corporation (GORO)
by: Taylor Dart
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Taylor Dart
Long/short equity, momentum, gold & precious metals

While the fundamentals for Gold Resource Corporation remain strong, the technical picture is waning.

Despite strong production numbers and impressive drill results from its properties, the stock has been unable to respond favorably.

I have exited my position at $6.32 for an average gain of 20% on the position.

Despite what's been an abysmal year for gold stocks (GDXJ) and the metal (GLD) itself, Gold Resource Corporation (GORO) has been the shining star. The stock has managed to