Normal
Tremendously disappointing to be blind sided by the Indo Govt announcement, and we're stopped out. Everyone wants to be on the short side while the dust settles. The slight glimmer of hope is that the Buy/Sell volumes differential had narrowed by the end of the week, as it flirts with 82c (hoped for) support.Let's not forget the repeated reassurance from Indonesia that divestitures after 10 years will be at fair value.But the chart shows a change in momentum, so (imho) it will take a series of good announcements (are you listening Acorn Capital) and the price of gold to stop falling before we'll see much covering. Taking a longer term view, at some point some brave buyers are going to pick up shares for a steal, in a world class silver-copper-gold deposit.
Tremendously disappointing to be blind sided by the Indo Govt announcement, and we're stopped out. Everyone wants to be on the short side while the dust settles. The slight glimmer of hope is that the Buy/Sell volumes differential had narrowed by the end of the week, as it flirts with 82c (hoped for) support.
Let's not forget the repeated reassurance from Indonesia that divestitures after 10 years will be at fair value.
But the chart shows a change in momentum, so (imho) it will take a series of good announcements (are you listening Acorn Capital) and the price of gold to stop falling before we'll see much covering. Taking a longer term view, at some point some brave buyers are going to pick up shares for a steal, in a world class silver-copper-gold deposit.
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