I see posts all the time, mostly on the gold forum, by so-called 'experts' expounding their intimate knowledge of the gold market, assuring like-minded 'stackers' that all is well, that the market is 'rigged' and when this 'rigging' ends the gold price will 'moon' into the thousands.
This has all the hallmarks of a pump and dump and if you have a look at a chart of Sprott's fund, the enthusiasm is drying up, because the volume has plummeted.
Technically I think it might be headed to around the $8 mark. It'll be interesting to see.
What happened ?, page-270
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Last
$1.22 |
Change
0.080(7.02%) |
Mkt cap ! $1.183B | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.26 | $1.21 | $9.123M | 7.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42814 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 33607 | 3 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| DYL (ASX) Chart |