April 15 is an anniversary for gold of sorts. Last year it dropped 9% on that day, the highest daily drop for gold in over 30 years.
Gold is historically a poor performer in Q2.
The closer we get to production the stronger the correlation between the gold price and our own SP.
I would not be surprised to see some negative pressure on the SP this quarter. Could be the perfect time to top up at bargain basement prices.
I was originally going to be topping up a week or 2 ago, but given the above I feel like there will be plenty of opportunity in the next couple of months to pick some up cheaper.
Happy to be wrong of course.
YTC Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held