Hey Jimbo! What's the good word? Any idea where this current move is going? I thought we'd be going down and sideways a bit longer. Really didn't expect this! How's the weather?
I think we're just still recovering from the panic caused by the Mike Hearn BS. We'd been above $400 for over a month before that crap.
If I had to guess at the ongoing trend, I'd say we're probably going to continue creeping slowly up, at least until the Chinese new year season is done. After that we might see a more significant movement, hopefully up.
The weather? Freaking cold. Halfway through one of the mildest Februaries on record, we get a real cold snap, -26C with a windchill of -33. Brrr. Time to put the soup pot on.
I had to drive to my mine the other day. Checked weather forecast, it said -11C. When I got there it was -32C. I didn't notice before the metal in the car started making popping sounds. Weird stuff starts happening at that temperature.