If you follow the COT report, the Bullion Banks were adding lots of short position leading upto the FOMC.
After the meeting they had to hammer it down more to cover their shorts.
Its simple..its just a game for them.
Now coming to BDR, its up to shareholders are they going to accept today's ridiculous offer...0.16 .
We may choose not to sell unless we really have to.
This is what I have been saying all along....don't buy BDR for a trade. Buy it up as a mid to long term investment.
There's too much players here, too much volume, the shorts love it. The shorts won't go and short some illiquid company...(no matter how bad the company is run or overvalued it is).
Its all a game.
All the best
Happy Investing
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