Buy nowThe metals run is off for now. We should have significant news in the Quarterly too. I'm still expecting more NRs as stated previously. I have a feeling we will be impressed. The money never lies. I'm not going to speculate because the Q is due tomorrow so might as well wait. I'm looking for one nugget of info that sets the tone for the final push.
Every suitor who's watching us needs to formalize their offers this week. I think if we don't get one our price will go up a lot despite the markets risk off in Jr metals. This current session is just raiding and a few people being pushed off their positions. Our sp doesn't reflect the value so we might as well load up while it gets cheaper. I got 4000 today and will grab more Monday if the price is good. I suspect the price might run away on me but there's hope it will drop another dime and get us into slide territory. If that happens while the insiders are blacked out we should be able to mop up. We should trade another 700k tomorrow. Watch out on Friday as Ernesto may come in with a vengance. The 30k was just to let us know he's still there. If the Quarterly comes at 6am tomorrow the pretrade could get hairy. The end of taody will be a gut check on us traders.
We're hovering at $1.18 as I type because we are indecisive about the close and the Q timing. I took what I could afford today as a bet that by Monday a big change sets in. In times past I've seen these types of market shakedowns just before a major shift sets in. Yes, I could have waited for tomorrow but I'm up a few cents now. If Jitney dumps at the end of the day tomorrow will slide and I'll have to try sell more assets to buy. And buy I will. This is months end and the insiders will be all cashed up for it so I think my bet is safe.