Mate it's a mixture of day traders, instos, position traders, short, medium, long term traders etc it's the stock market....
I don't care whether there is substantial holder notices or not. What I do know is that if the whole float is washed through at higher prices then it's building a higher base to work from. Fair? Add to that gold looks like it will outperform the next year or two, large and medium cap miners making acquisitions currently, MCT based in a good jurisdiction, nice drilling results already and more to come, low MC, good money flow into gold specs etc
US markets held important levels last night and slightly went up. XAUUSD closed at $1772USD, been building a higher base and I think it has a higher probability of moving towards to $1800 than $1700 due to all the stimulus.
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