No way for a March FED Rate HikeNice recovery in PoG around 3 PM.
Of course there will be no rate hike in March. Market now is forecasting just two rate hikes this year.
This was Armageddon.
Never saw the TVIX up 68 % in a day...ever. And now up another 31 % after hours!!
This is insane!! VIX gauge up 115 %.
What's the most under-owned and least valuable asset class (ie. dirt cheap by most metrics)...the precious metals.
Case in point today.
Klondex is dirt cheap.
They are mor*nic for not being able to make their "revised" guidance. They should have been over 200 K GOEs no exceptions. Let's hope the ore rate gets to 85 % + asap.
The last hurdle appears to be this Hollister ore efficiency and now, finally, everything appears to be priced in.
BoD will not accept $ 3.00 USD as people posted. The assets are worth more than this + a rising PoG environment. I still say $ 3.50 USD - $ 4.00 USD would have BoD support. I would take $ 3.50 USD and call it a day as this has been a nightmare since October.
JIN