gold stocks have been getting hit the worst even with record prices. l don't buy into the high dollar theory as most gold stocks around the world have been smashed as well, its the hedge funds that are keeping the whole sector down until they scare enough people. Here is a good explanation on how its done,
http://traderdannorcini.blogspot.com/2011/04/hedge-fund-ratio-spread-trades-continue.html
someone offloading, page-7
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $32.17M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $126.2K | 1.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 751970 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 280460 | 2 |
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| PEK (ASX) Chart |