FDR and the slow-drip sellingThese last few trading days have not conformed to any of the scenarios I pictured when imagining the arrival of the $0.80 PP sellers. I suppose the *lack* of my predicted extreme heavy volume selling is itself a bullish sign.
But what would really be bullish is an immediate rush of new buying, which I thought would arrive once the downward pressure of the placement sellers had abated. Since that downward pressure never really manifested itself, the new buying should have followed as night follows day. And already be showing up in the price and volume action. Right?
Doesn’t nature abhor a vacuum? There must be more factors at play than I can discern.
Yet with gold prices showing no sign of deviating from a near perfect chart pattern, and silver finally starting to confirm gold’s breakout, we cannot ask for a better backdrop. Silver making – and holding - decisive all-time highs above $50 would really deliver in that department.
Meantime, the hiring of a new, richly experienced and presumably well-connected advisor in Carlos Bertoni fits nicely into the calendar gap between assay announcements.
Which should also be coming fast. Either the re-assay of the last rich results or some hopefully strong new cores. Or both.
As frustrating as the slow stock price progress is, we can at least take heart as we see our company get intrinsically stronger with each passing day. With a new short-interest report due soon, a sharp decline there might be the perfect indirect reflection of said strength sufficient to get our stock moving.
Or maybe the next assays are the ones that finally start a cascade of buying?
Mind you, I’ve been saying that for a while now, so it is probably past time for me to shut up until we see the next assays. Best to content myself with just checking the gold price hourly. For there can be no mistaking the strength on display in that market.