Well actually there is 11 day trading days until Christmas including Christmas eve.
Quite a few gold stocks have VERY LARGE short positions and we are about to enter a period of holiday trading where markets will get thin & illiquid.
I think a count down is appropriate for these large positions to cover is appropriate.
IMO some of the positions are too big for the stock in a normal market, let alone holiday trading conditions.
So,
On the first day of Christmas (yesterday) we got higher USD gold & Aussie gold to A$1350.
I wonder what today brings?
All in the spirit of Christmas of course!
Ho ho ho
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