shorts covering - eqx going to 8The stars are now aligned for equinox. My sources tell me the shorts have covered or are covering to close this trade. Not sure why Horses is currently so jaded...lol. Smart money got out and shorted with los filos and the extended timeline of Greenstone. This was a no brainer short in the double digits!!
But with POG now ready to take out 2000..... and not look back ( at least for the next 12 months) gold is now in vogue. Watch the fomo trade.
Now is not the time for this to be taken out with a cash minting machine in place 12 months out.
Gold has had a couple of "false breakouts"...but this is real. How many more banks will choke. And the fed will need to raise this week.....and then cut in back half of year ( they need to get rates down to help other 'net long" bondholders .
Just my thoughts to counter the wack job horsey! dont underestate how horsey helped many of us make money on this baby
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