Sailing nicely from low of 3.07 to as high as 3.38 yesterday and today at $3.29.
Brace yourself for a massive rally on conclusion of two days trade negotiations between USA and China tonight.
The signals are strong USA dollar against the Yen today and a sell off of gold on Comex and spot market.
Tomorrow, the Fed chief Mr Powel will give a speech to the economic forum and will emphasize his earlier statement of pause in interest rate hike.
The market is factoring in improved sentiment towards t
ech related stocks , Fed’s view and trade negotiations, so I am expecting to visit $3.45 to $3.48 level for ORE by end of this week and 3.75 by end of the month.
We wait. IMHO, tons of money to be made in investing in ORE for those who follow smart money, market sentiment and above all strong fundamentals of the company.
Happy days ahead.
cheers,Sydney