IAU being played today by the bots forcing price down. One only has to look at the course of sales to see what is going on. single sales going through of under 100 share parcels then the big sell when someone lets 10,000 go.
....and so the process goes on.
If I sell eg 59 shares the price starts to fall I then sell another 39 shares to keep the SP in the red people will only see the SP go down. I also have buys orders in throughout the market depth on the bid side. Eventually someone gets jack of it all and throws in the towel suddenly trades go through for 5000, 2790 and 2210 and so on. Then there is another sale of 34 shares as I keep the sells going meeting the price of bidders etc etc all this time pressure is kept on the sell side.
Good gig if you can get it, of course the ASX keeps things so fair and the playing field even.
Cheers BW
IAU Price at posting:
$1.74 Sentiment: LT Buy Disclosure: Held
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