RE: Unforgiving SP22 Dec 2023 12:09
I agree with many of these views about future catalysts for the SP, but I'm also increasingly bullish about the next few weeks, especially if the gold price continues north, as I beleive it will. As I posted in another thread, Middelkoop believes that many juniors have hit the bottom, as does Archer. Middelkoop believes a recovery is imminent.
As always, only time will tell, but there are several factors now all coming into play at the same time. Hopefully any shorters will be caught out, and forced to buy back sooner than many think. However, add to that the other catalysts due next year, plus the 'usual' sp moves north in the sector, in the 12 months running up to production, and my gut feeleing is that we're at, or near the bottom now...