RE: Almost 2 months1 Apr 2020 19:49
Newbie642 Quite so although I'd leave the 'fateful tweet' out of the equation.
Yes the agreement with CITIC may well be on the edge.. Citic in the current circumstances may want to pull out.. their cash may be needed elsewhere. With the potential of a severe slump, CITIC may keep their cash to pick up bargains elsewhere.
Meanwhile even tho down today Palladium is still up 54% on the year.. up 32% over 6 months.
Another 'event was that yesterday Russia suspended her gold purchasing..an example of institutions are keeping their cash (powder) dry!
As I said.. There we were on the edge of a poss good deal... AND SOD'S LAW intervened!