"Out of this world would be 20 plus gams"
When they trial mine the GH deposit, expect 20g/t or better.
In commercial production, GH will be blended with lower grade ore to give a grade somewhere in between (hopefully well above 10g/t)
The more articles I read telling me gold is unlikely to go much higher from here, the more I think it will go much higher from here.
I think these shorts are getting worried and trying to keep a lid on it as they try to cover without pushing the price up.
There are so many spec shorts though that there is a significant risk it will get out of control.
We are seeing it regularly on the gold stocks lately.
I could hardly believe my eyes today when MML rose from 2.09 to 2.19 in around 20 mins and then rather than correct from being up over 20%, it suddenly spiked to be up 30% before coming back down a little by the close. That looked like the sort of panic short covering we are seeing more regularly lately over various stocks. I see no reason why we won't start seeing it in gold although obviously without as much volatility considering it is so much more liquid.
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