At Great personal cost I am back to a 50% positionHad to swallow deep and buy back shares at $0.40 above what I sold them for. I don't think Seasonality is going to work this year and we have a pullback in gold. Gold is in a Hell in the Cell cage grudge match with the 10 year U.S. Treasury bond and I think Gold is about to preform it's finishing move.
Also, with Sprott buying a large chunk of NMI at $2.25 flags started going up in my head. I follow what Sprott does fairly closely and they almost never buy into already established gold mines that are fully producing. It made me wonder why NMI and why at the near top of a bull price run on NMI at the time. My conclusion was that even at a runup price of $2.25 they could not wait for even a moderate pull back after a considerable run. Makes me think that they did some deep homework and see a bonanza of gold comming in the form of further huge drill holes and further discoveries.