RE:RE:Future News Flowwatchmeplz wrote: In my opinion then ES pumped this way too early if they knew cores were in labs for extended period of time. The only people left to trade are brokers who are just trying to sell on news not pump it up. The PR should almost be about daily day to day life to keep the highlights popping up on people's news feeds.
Well, today was a broad sell off - Covid and election jitters maybe. I’d say this action is more like people sitting on big gains who had FOMO about the upcoming drill results, when they come out as reasonable progress, not blockbuster, they take some more cash off the table. And people interested in loading up at this level look at the short trading outlook coming up to November 3rd and figure, “no rush”. So buying is very weak, and down she goes. Give gold a kick up above $2000 and some MOMO and away she goes so fast you’ll get whiplash. People are sitting on a boatload of 40 cent cost shares out there that have not yet rolled over into the float. If I had been holding 100,000 or so I might have been bleeding some them after NR’s as well no matter how bullish I was on Treaty Creek. Dry powder, wait and see, don’t be greedy etc.,.
Good luck longs, more proof here you got the goods, now we aren’t hoping for an ore body, we have one and are just fiddling with grade, size and valuation. Looks like there is much more meat on the Treaty Creek bone especially if you are positioned here because you are bullish on gold prices as the first step. Sounds reasonable when you look at a $2 trillion monthly burn rate on balance sheet expansion by major central bank stock around the world for Covid support and relief. And if Joe and Co. have the keys to the Treasury on the come next week ... seems like that might be bullish for a leveraged gold junior as well? Either way, the Washington playbook is spend money you don’t have and keep interest rates low. Devalue the dollar if you can. Got gold? This is just a total BS trading day, nothing to see here, move along, longs will get their rewards in due course.
cg