Gold up A.U. $93 over night to close at it's 3rd highest ever close in Aussie dollars. So 166,666,667 (so many devil numbers) new shares get issued tomorrow. I imagine that the little dip in price yesterday (with a nice candle wick up at day's end) was probably due to portfolio adjustments in anticipation of these new shares coming onto the market tomorrow. With gold powering up overnight and indicating that it may be resuming it's upward trend, the expected negative pressure from the new share issue might be absorbed very quickly. Nothing to worry about here, technicals look good, and the fundamentals look even better.
SPR Price at posting:
$1.53 Sentiment: Hold Disclosure: Held
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