Post by
Coins2paper on Nov 24, 2024 9:57pm
Gold is selling off
Could be a negative start to the week as gold is already down $30 but anything could happen before the bell rings tomorrow.
Comment by
Buckfinder on Nov 25, 2024 2:45am
Nope! Gold had a nice upswing from 2550 to 2730 so this is a normal correction - even healthy! i-80 is not related to the POG now - triggers are the valuation (0.1x NpV) and possible news about debt refinancing. tax selling is no issue too - who sold sold glta
Comment by
Coins2paper on Nov 25, 2024 12:43pm
Of course this doesn't follow the price of gold because we'll have to wait till 2030 for full production and any positive news is not for sure at this time with financing expected in 2025. Lots of time to sell off towards $0.50 and who knows we could have a serious market correction before then.
Comment by
Buckfinder on Nov 25, 2024 1:00pm
Nope. After the big run i-80 not giving a cent away... why? valuation - priced at 0.1x NPV shorties need until end of december to cover - time is running away transition from weak to strong hands restructuring before the door (rumours) glta