The word I zeroed in on was "earnings" aka profits. It is not an accident Sinclair used that word. No earnings no profit no share appreciation. That I totally agree with.

That is why TRE has been in a slump for almost 4 years. After the run to 9 investors had the fool me once shame on you fool me twice shame on me attitude.

Right now TRE won't go anywhere until the earnings show up.

The window of opportunity is now. There is not much more room to fudge this. If gold holds up then most likely TRE will got to 6.50. If it collapses to 1275-1300 it will most likely go to 5.75. If earnings news does not show up then back down to 2 we go.

I am getting a sneaking feeling that gold is headed to 1275-1300.