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Another to watch for market ahead. Sitting on support. JNK also
added Sokoman. Newfoundland gold play, not much hype stories from the Yukon anymore so looks like this is the new area and warmer also. Who like blackflies and mosqitoes also eh.
Couple of good articles:
https://thegoldobserver.substack.com/p/why-yield-curve-control-by-the-fed-will-be-bullish-for-gold
RE: SIC — either someone is taking a big position (+10M past 6 days vs avg ~250K/day) OR some finance company is pre-selling a bought deal not yet announced (price $.30?? range).
Hard to believe that retail is responsible for 4X daily avg increase in volume.
Sure enough –> https://www.businesswire.com/news/home/20210319005056/en/Sokoman-Minerals-Announces-Non-Brokered-Private-Placement-Led-by-Eric-Sprott