If you are referring to the FEb. 24 episode on tech ananlysis I totally agree with Covell.

If we are looking at this with respect to TRE, as I said in an earlier post this is it meaning that Sinclair needs to make his move in April. That is the way it has happened in the past.

The Buckreef announcement about the 2 million ounces will be telling. Has that announcement already been factored in? If we value the 2 million ounces at roughly $3 billion in today's prices then roughly half goes to the Tanzanian government and the other half goes to the company or $1.5 billion. 60% goes to expenses and that leaves $600 million as net profit before taxes or $6 per share.

Is that $6 reflected in the price already? Or will it be added to the price? The good news is that the stock price needs to move now. This is the window. If it does not move then nothing will happen this year until the very end of the year where we go down to 5 and then back up.

I agree with Covel. The price action is what matters at this stage of the game. The charting right now is indicating lower prices. If there is follow through to the upside then that would be very dramatic and noticeable since the price has been headed downdward.

There really is nothing left to wait for. Either we go up this month or we don't in which case the direction will be set for the rest of the year.