Let it rain...

There's some capping going on here IMO. A couple of chunky sell orders sitting there at 40-41c. No real share price movement of note for months. Stream of news out of the Company has been pretty positive really - jury might be out about the EM acquisition for now but exceeding guidance in the quarterly, continued improvement in existing resources, big chunk of capex out of the way, all else being equal moving swiftly towards becoming a 200k oz producer, a couple of 'hail mary' plays out in Nevada and cash pile still looking pretty healthy, (soon to build again) and all still with zero debt. there's not a lot to be negative about. Yet here we still are 40c.

We are well overdue a re-rate back into the 50's. What will it take.

No rate hike in December would help. FOMC minutes released yesterday seemed to make it pretty clear that there was no consensus about a Dec hike and it wasn't an absolute certainty with opinion divided inside the Fed. No doubt the USD effect of that is helping the gold price a bit. Looking for a bust through 1300 again soon.