Monday is a holiday in the Canadian markets. We have a short position built up on us and an ask side getting heavier by the day. Gold is at/near a record high.
Tuesday, the U.S. makes their decision to raise the debt ceiling. They have but no choice, IMO, to make the one that will drive the POG down temporarily, maybe sending a lot of gold stocks down with it.
The shorters may find this as a most opportune time to hit us if they ever are. We should be getting news soon, so if the shorts are gonna try it, it has to be done now.
Get ready to get some cheap shares if they try this.
IMO