Hi Guys good to see Gold up again over night, a bit of market manipulation in SLR yesterday me thinks; shaky hands traders were duped yesterday and here is my reason. There was a lack of buyers to start with, then when SLR seemed really week in comes a seller of 100,000 shares right on support.
Now who would expect to find a buyer of 100,000 in a weak market of buyers? Of course he/she did not want to be taken out rather wanted to trigger stop losses! Thus he/she could then come in end of day and clean up the collateral damage and accumulate. This trader was expecting Gold up over night so took advantage of weakness to their own gain.
I am fairly certain that the seller of 100,000 shares was the same person game enough to come buy and even raised their order at end of shift.
