Re: Tursk, You May Just Be an Excellent Contrarian Indicator: Perhaps Tyhee Will...
posted on
Nov 22, 2009 08:08PM
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drnols: "we reeeally should have participated in the recent multi-all-time-high run-ups in gold somehow. gaining one cent a share with a 20% move in gold just."
Like others have said the majors are still off from their 2008 highs when gold cracked $1000 - and gold is already 15% above that level. The junior producers are lagging too. If gold can hold and confirm its current level and the majors and producers are revalued higher on this basis, then we might start to see some movement in Tyhee and its peers. Patience...
By the way, I have been amazed at golds performance leading up to tomorrow's (11/23) option expiry day. In the past, the "cartel" or "shorts" or whoever always managed to slap the price down. Friday, however gold made an incredible comeback to close above $1150, and tonight it has already touched $1160. GATA is screaming commercial signal failure, tomorrow should be an interesting day.