GLD heading for extreme overbought levels
Keep in mind that the 43-101-compliant project assessment is to be the foundation of a more comprehensive 43-
101-compliant resource assessment. The 43-101 report coming out now is an update on the Jerome mine only with few additions expected. The more comprehensive 43-101 resource report covering the later drilling results on the North Shore won't be seen anytime soon.
The smoke and mirrors show is in full swing with Trelawney dumping their 42% holdings and the sheeple snapping them up driving the sp higher on the false hope of a good 43-101 report that will unbeknownst to these suckers, provide little comfort in way of any significant increase in resource numbers at this time.
The NS is a long way from showing any significant resource with its short intercepts.
W Cote Lake is non existent in providing any notable numbers.
The show goes on and current sellers are indeed pleased.
Buyers of GLD shares soon won't be.
GLD is barely worth .13 cents .... surely not .37