RE: $4000 gold8 Oct 2025 10:26
I think it's completely understandable to take some off the table - we still don't have a signed financing. Frankly, it's also good for the share that people are booking profit now rather than all at once into the rerate coming with the financing. New longs at higher levels will support that rerate. Even I've taken about 3m off the table.
I'm not saying I'm anxious, or even concerned by non-closure of the financing...yet. Perhaps I'm starting to raise my left eyebrow. But I'll want to see some concrete news, one way or t'other, within the next 5 working days.