RE:RE:drill programNo question Tudor and their contracted drillers have done an incredible job accelerating the program. Respect.
On share price action, infill drilling and confirming the assumptions many have made on the resource outline, probably not any big upside surprises coming from Goldstorm now except incremental expansion. Not so exciting for traders.
Next year, though ... PSZ, other targets, but especially the POG action.
It isn’t so much the real economic fundamentals as much as the behaviour of market participants and what motivates them. The idea of central bank liquidity, government deficits, low rates, makes for a good gold story. And even if the stock market continues to be the major beneficiary of asset inflation, the motivation to have a downside hedge grows at the same time. I mean, if you profit take after a tremendous run on the DOW, do you put it all in cash, or maybe some gold exposure appeals to a wider audience?
This week’s bounce-back from the slump is hinting maybe that $2100 resistance will be crushed sooner than many might have predicted. Very interesting trading year coming up. Lot of moving parts, layers of complexity.
TC sure has leverage plus expansion potential. Be right sit tight.
cg