Just waiting for the tax loss sellers to jump back in and cause a little stampede on SP as I think a larger holder got rid of some shares first with the intention of buying back in. Retail have been creating follow through selling.
The issue that one's have with this strategy is they were possibly not expecting gold to go up between now and 30 June. Therefore if sellers disappear for at least a couple of days they may actually be able to allow price to push up quite quickly. As this increases pip by pip the more likely volume will come back from previous sellers who then have fear of missing out.
Simply if retail want to make any money on this stock they have to stop selling in the belief that they can buy back cheaper. Price will only do one thing at these levels if they do.
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