Hey Lurking, I concur, price probably got a little ahead of itself in October. As James pointed out, even though we're currently lagging, we're not doing that badly, we're somewhere in the middle of the pack as far as miners go.
My initial reasoning for the current lag is the bad quarterly results we just had which might have put a short term damper on things. So, I guess, Rob is under the gun to deliver for Q4.
As James has mentioned, I too noticed the recent 62% fib retracement bottom on Nov 7th. From what I can see, the next fib resistance area is around $19. I also have my eye on that massive gap at $21ish. Would be nice to eventually push past that and establish new highs, lol.
I completely agree with you that it's the waiting that is the worst. Most here have already endured the years of mind-numbing, gut wrenching waiting as the price kept declining. At current price levels, I think most here are optimistic, so it isn't so much the price action that is agonizing, but the waiting.
Hope our American friends south of here are enjoying their Thanksgiving. I can't believe my American nephews got the whole week off school! That was never a thing up there in Canada.
Best to all. |
