Short interest way up, bought more Short position increase, this time, is probably from Paycore shareholders protecting their gains in lieu of the share exchange. Technically this shouldn't effect IAU's share price as much especially if the company shows strong exploration results.
News on drilling to come and also Paycore exploration results. This is still one of the cheapest plays out there based on previous drill intercepts. The pull back in Gold futures is not surprising giving its lofty increase, currently Gold at $1,952. It will be interesting to see what the Feds do tomorrow, inflation is waning so they have no need to increase rates, especially after flooding the system with cash, again. Funny how the financial world never ever learns from previous errors.
My short term target in IAU is $3.45 Cdn, slightly longer term $5.25 to $5.50. Everything else will be based on results.