There seems to be an increased sentiment driven market in Gold which has impacted a number of the juniors I hold/held. Absolutely baffling that TIE can be so undervalued, and continually undervalued despite the ongoing good news.
Qualitatively there's a magnified impact from negative gold spot movements, and reduced response on the bounce. We've almost mimicked with the late double bounce of gold, and not followed the kick. Lets hope that we see a stable gold recovery and some positive correlation action!
I have suspicion about the august sell off at a perfect ATH, and the role of Gold in the market as it stands. I suspect that prior to the Blackrock (March 2021) blog post on their gold sentiment, institutions and those in the loop had already reduced their exposures. Now I think it would be unlikely to see any head's up that the 'hedge worthiness of gold' has been restored as in the short term it would firstly bring volatility, and secondly increases entry premiums.
https://www.blackrock.com/us/individual/insights/gold-imperfect-hedge.
Lets hope for some stability on the gold front and trading to fall back to fundamentals. I was and still am excited about the TIE projects, and bullish on the long term, it's all about the diamond hands, and gold making that smooth recovery.
GLTAH.
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9 | 1678269 | 0.675 |
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Price($) | Vol. | No. |
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0.685 | 620000 | 3 |
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