re: Ann: High grade gold intersections at Del... Support at...

re: Ann: High grade gold intersections at Del... Support at $0.008

Can anyone assist with opinion on the issue of support at $0.008. In my post yesterday I mentioned the changes in buy orders at $0.001 and $0.008. I gave a quantity of 4M however the actual quantity was 5M. Now we have the support of 9,289,339 at $0.008 which may be good news.

To adequately evaluate this situation we need to determine why this has happened. As the changes at $0.001 and $0.008 occurred in the same quantity and at the same time it may be the case that it is the same party on both occasions. If this is the case why would someone increase the value of an order by $800% when the price is falling and no news has been released? Why would someone suddenly increase their cost from $5,000.00 to $35,000.00? To further assist in our evaluation we could ask who this party may be and of particular significance would be the broker placing the orders.