SP now above the MA50 with strong demand yesterday 2nd Dec {all the short sellers and stop losses gone on Wednesday?} and should keep rising above this for a while, even with a few profit takers. With good news of production coming soon, and possibly gold price going $1800 + because of market recession fear, this should put RED between 28-31cents { hopefully more, lol } by end of December early January.
This is my opinion only and I am no expert. This is what I see in the charts and read in the Ann's DYOR
red5
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