RE:RE:RE:Strange Have to wait and see what happens during the balance of the week. During the past 3 weeks, sp climbed from 2.05-2.15 to 2.80. Now its back to 2.11. Granted, most gold stocks dropped during the past few weeks. And many/most ticked up today. Still, I'm guessing the fear trade has near played itself out, especially since gold itself has likely bottomed at 1850; now at 1912. In the next three weeks, gold miners will be reporting Q results. Given the price of gold, I would expect these to be impressive to say the least.
Last month, Pierre Lassonde, co-founder of Franco-Nevada, said: "Gold miners have never had it so good. The margins they are producing are the fattest, the best, the absolute best they've ever had, ever."
https://www.kitco.com/news/2020-09-15/Pierre-Lassonde-on-20-000-gold-price-and-most-unbelievable-margins-ever.html
Owing to its story, PGM was trading on spec. The speculation will soon be over as they transition to a producer in a few months, with one of the highest grade gold mines in the world (no hype; 9g/t). sp has cooled but as long as gold prices remain strong, there's no way that sp will not start heating up. GLTA.