RE:RE:RE:RE:RE:RE:RE:RE:Glad to see all you guys are confidentwayned wrote: I think we are making this way too complicated . The volume is very light . A while back we bounced off of a $3.60 daily high . Yearly high is $3.45 . There was heavy volume for a few days then . A few old news stories were published and the weak hands started to bail . Selling begets more selling . It`s as simple as that . When gold turns again we`ll start back up . A more important conversation would be how in a world in all this trouble can the price of gold keep dropping?
"When gold turns again we`ll start back up" - yes! Or when the 2018 debs mature - whichever comes first. There's a lot of good news for GCM & the end of the 2018 debs may be the best of it over the next couple of months. Getting out from under the 2018s should free the SP to soar just as the elimination of the 2020 & 2024s seems to have done in May.
We've pulled back since along with the price of gold. I'd love to see gold higher. With interest rates rising, North Korea getting sorted (?), and the prospect of a trade war slowing the global economy perhaps it's not too surprising that gold is off a bit. The good news there is that GCM should be a lot higher even with the current (or lower) POG. If the POG doesn't cooperate now there are other potential catalysts that could move GCM higher. The end of the 2018s is one that you can mark your calander with. 1 month to go!