I feel the intention is clear. UBS as many of the large investment banks have been playing Gold miners as their cash cow. I'm in I'm out taking profits on spot price for the sole purpose of covering other bad investments and margin calls being faced by their investment funds. Gold is assisting their clearing , cleansing requirements. They may wish to go long but need to clean house first and keep their overleveraged investment customers afloat. I think we will continue to see our Spot Price fall and the ramp allowing the short term major holders to take profit trade out and pay off over leveraged investments. They can not just dump tech and fx or the whole system will hemerage. Unfortunately many small investors see the market rebound as a LONGER term good investment strategy. As a result we RED 5 will stair step till the WHOLE market wakes up.
RED Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)