I’ve thought about that as well. After so many years of low prices there could be a lot of miners looking to lock in prices at $1400. Hedgers like NGD for example. Wouldn’t they be taking a risk of huge losses if the price continues to climb?
If so, I guess we’ll find out who the big hedgers are depending on how their shares trade?
Sorry to be so negative. I’ve had a lot of years of Pavlovian training. 🙁