Chart - TA, page-1043

Yesterday I did pose a thought asking anyone if they were hedging their positions given the current price move is actually leading the sector, ie. price has already tested its all time high set in August 2020 when most gold stocks formed those peaks generally speaking. I always question outliers because when something does appear out of the normal in this case a leader, the ride is comforting but complacency is usually accepted. I am guilty of the Q I asked because I am more chart based and that was telling me to anticipate a breakout given the fact that gold keeping up with he bullish momentum.

The most logical speculation I can come up with is MRE or something along those lines. I am indifferent to the POX metalurgical because I don't know enough of the mechanics of gold extraction but I rather if we don't go down the nickel HPAL type pressure and toasting complexities and the first thing in my mind is Refractory!

I am not liking this price action today and anyone fibbing the current explosive move from the C80C low would be aware that $1.24 is a key Fibo level!