CFD Leveraged buyers get stopped out causing these drifts lower

Just be aware when it is quiet like this awaiting news, and the share price starts drifting lower all the CFD ( contracts for Difference) leveraged buyers are forced out / stop losses.

They get up to 500% leverage, putting in $10k lets them buy $50,000 worth of KCN. That's why when you look at the chart it has these slow 10-20% drifts lower as all the leverage players are forced out.

The problem for them is the market knows this, it knows when the stock price falls 10-20% these people have no choice and are margin called or stopped out automatically. Look for an increase in volume like today as they are forced to sell, it's always short and nasty.

Ounce out, the selling obviously halts and you see the sharp rallies up straight after.

It's Sad, it's unfortunate for any of the long-term people here, but it's just the way these CFD's work..

The worst thing for them, it's just like when you sit at a poker machine for 24 hrs straight going through pain , you can't handle the need to go pee any longer, you get up to go to the toilet for 5 minutes and the next person in line takes the jackpot with all your money.

The LoveGod won't be a smart ass today, because it is sad when this happens, it's better if we can all enjoy the re-opening together. :-(