I have been caught right in the middle of a sell down. I have no idea why but Perpetual looks like it is reducing its holding again.
Watched in amazement all day as someone kept popping mid to high 60c sells off market. Then after the day ends there goes a 1000000 sale at 66c.
OK the buy and sell lines look alright but why would anyone sell into a rising Gold market.
It rattles my confidence a little but i am hanging tight. Its only one day.
As stated yesterday I sold a lot of juniors to feed EMP and was very confident that I would at least get a couple of cents by today after the gold market lit up a little last night.
Long term I am OK but how can you look at long term when the very day after you make your biggest play along comes the seller from hell.
Can anyone console me as to what this action really meant?
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