Post by
tobinator01 on Oct 26, 2022 4:27pm
Highest Close in 2 Weeks
The $3.04 close is the highest since October 13th. Maybe the jaded seller lamenting the loss of the dividend is sold out? With the US dollar index closing below its 50 dma today, Gold may continue higher and bring a lift to the PM sector.
There are 556,000 shares short as of October 14th (per yahoo finance), which is 3 days of average trading volume. If they were smart, the covered under $3.
We should see the 3Q earnings report next month. I am hoping for a definitive gold production forecast for 2023 and 2024. Marmato underground operations and the mill capacity up grade at Segovia from 1500 to 2000 tpd, are near term drivers for the company.