else thinking we are close to a break out from this price level? I am noticing that bids are getting more aggressive and that when the bids do get hit, they get refilled pretty quickly. The ask is also thinning out.
PoG:
We finished the year at the day high, the weakly high and near a monthly and yearly highly for the PoG. This bods very well for gold to continue being bullish from a TA perspective and there is still lots of fundamental reasons for gold to continue it's ascent.
The lack of news has kept our SP undervalued but I still bet that when our CEO is named-rumored to be in January-we will start our process of increasing the share price. They will issue the new CEO a bunch of options in this current price range and then open the flood gate on news...at least that is how I see it.
Glorieux