Fri, Jun 17, 2011 - 4:25pm
For those of you who own or are interested in this company I would like to share my observations today. I have closely followed the action of GBG today on the Amex and the close was nothing less than spectacular. This stock has a large short position on both Amex and Toronto. Today it appears the shorts covered at the close with a venegence. Almost 850k shares traded on the last minute and the candle on the stock chart closed @ $1.73 +.03 from yesterday, that candle ranged from $1.69 to $1.73. It also appears that in the immediate after market over 2.2 million shares settled moving the price to $1.78. You think somebody knows something? Anyway this could indicate that this will be the end of the down trend in the PM mining shares. The game of chicken the Fed is playing with the markets will result in the Fed steering away from a collision with deflation.
Edited by: silverwood on Nov 8, 2014 - 5:20am