Australian goldies under attack

The bots are attacking Australian goldies. Some examples of today's trades are NCM 22,262 trades for 2.8 m shares (average 126 shares per trade), NST 18,864 trades for 3.8 m shares ( average 201 shares per trade), SBM 6,067 trades for 4.1 m shares ( average of 676 shares per trade), EVN 15,419 trades for 11 m shares (average of 713 shares per trade) and GOR 5,223 trades for 9.2 m shares ( average of 1,761 shares per trade). Any usual retail investor would not buy at such low volumes because of the transactional cost.

These trades show a strategic downward manipulation of price for the benefit, in the short term, of short sellers and takeover scenarios, in the long term.It shows that Australian gold companies are desired because of their reserves and limited risk. I think the instos who bought at $1.45 will kick back soon because they will have to report against a $1.25 price for the shares they have loaned the shorters as opposed to the $1.45 cost.

GOR has to be proactive and come out soon with a good exploration update or shorten the timeframe to commercial production or GOR will be consumed by the leeches for substantially less than what GOR is worth and that time may be very soon. If the management of GOR think they can sit back on their laurels for 6 to 7 months until commercial production then they are being complicit in the destruction of significant shareholder value.

Keep The Faith
Gold Investors Unite