RE:RE:RE:RE:RE:Just inflation news or maybe shorts?Yah, not too many on the ask anymore it looks.
Just erased a diatribe on negatives could be reasons for this not bottoming at near yesterdays highs. Glass half full for now.
But also could be there would have been another 500,000 in volumn if not for the 'everything gold' exodus yesterday with the 2023 interest rate increases--which by the way are tiny---noted from the Fed. Hope it's that simple.
I really did expect a total volumn over 1 million yesterday on the USA side.
This type Fed news usually gets out of the system in short order and I know your right, with the next drill results--Aquila--even mediocre--this should pop and stay near the next high until the Mexico results come in.
Another aspect IMHO is that many folks don't get that a strong USD dollar actually correspondes with gold moving up also. The exact opposite is many times thought to be the norm.
So this coming fall, especially in the USA when the free money to the unemplyed runs out in September, along with this ABSOLUTE 8% inflation--it's not 4%--it's 8%---and a stagflation starts hard, Gold is going to go through the roof. The Juniors, after an initial couple week hit, will then become the DARLING and I believe at that time will blow past the majors---and this should all be coming as Heliostar's timing of the Unga results, some Centenial and the Mexican property proving very, very good expansion--not so much g/t grades yet--which is all Funk is after this year in Mexico, are getting great publicity. IMHO!!!