Sandstorm Gold Ltd (SAND) – Update
Long term monthly chart for Sandstorm Gold Ltd (SAND) below. Sandstorm was purchased in January last year, 18 months ago, for 5% position size at the time; and is likely to be a multi-year hold, unless something changes with its long term chart. Since purchase, price has increased over 100%. Price is now moving higher into the thin zone, with a measured target to $15. I am planning on giving Sandstorm a haircut at that $15 level, retaining around 5% position size. Until then sitting is the correct strategy.
Note: By 2026 I expect Sandstorm to be $90 to $100 story, unless it gets taken over in the meantime. If so, this would be 2000% uplift from entry point.
Be right. Sit tight.