$40 cents club, page-645

Well, do people still think shorting RED is "dumb money" ... as I have said ad nauseam, gold miners SP depends on the POG (amount and sentiment) and the state of the general market. I used to get labelled as a RED "up ramper" when the SP was in the doldrums and way before the rerate - well RED has been rerated and for the time being "this is as good as it gets".
As for MRRC, REDs new star panglossian supporter, MW did not say that RED should have the same MC as GOR in the next quarter - he said eventually, you know, after debt repaid and the hedging has been cleared and the POG remains in bull market territory .... and of course MW keeps beating the "Leonora Consolidation" drum as often and as loud as possible .... to try and buttress the SP against a cheap takeover .... sometime, maybe ??
I reiterate my HOLD rating, in the hope the POG will not retrace too much and the half yearly will be well received and maybe, RED will join the GDXJ.
Take a snapshot of this gold chart - it has the biggest "hanging man" candle you're ever likely to see on the US$gold chart - its bearish (at least in the short term)