Those are 2% of shorters and now panicked, they have to cover soon and not much move for them after today's announcement. So all of them suddenly turn up. considering Macro economics side. US debt bomb is ticking. Interest rate could not go much higher. pog is more likely to go up than down. All central banks are accumulating gold with Singapore an increase of 30% since Jan. US treasury bonds is no longer an attractive option as demand of USD is slowly decreasing and will certainly excelerate further if debt ceiling could not be raised quickly enough by June this year. Any other gold producers are as cheap as TIE? taking over NCM by Newmont - exchange of USD (fiat currency to real assets) as they know well the USD is no longer shiny. DYOR.
TIE Price at posting:
58.5¢ Sentiment: Hold Disclosure: Held
