It looks like a 3-month
pump. The past history shows retraces 60% to 80% based on previous month's of price action. At the moment, it has tapped the Strong Resistance of $4.25 and surpassed Minor Resistance before that, at around $3.60. $3.60 has now become the new support, which must be breached in order for us to follow through and Sell Short at around $3.40 B/E. If the Fed raises interest rates in April
and strengthens the dollar, Gold
will be affected inversely. I am looking to capitalize on this dump if there are shares to borrow. BTC
@ $2.00, $HMY float is 372M. The price will probably consolidate around this area after the Bulls and the Bears battle it out.