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
KCN Price at posting:
67.0¢ Sentiment: None Disclosure: Not Held
MML Price at posting:
69.5¢ Sentiment: None Disclosure: Not Held
EVN Price at posting:
54.5¢ Sentiment: None Disclosure: Not Held
BDR Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
RSG Price at posting:
24.2¢ Sentiment: Hold Disclosure: Held
