To say I am disappointed would be a massive understatement.
One of the best days of the whole year for the gold sector in the Lala land of USA.
GDX & GDXJ up more than 3.5% on the day ,NUGT & JNUG above 10.5% on a very high volume.
Lots of Aussie stocks had a good run early morning.
BDR cannot notch up .005 cents.
Very sad & depressing day for BDR holders.
After such an advance in the US, a small pullback tonight is all but certain regardless of the gold price.
And if that were to happen, there will be sellers lining up at BDR.
The short traders are not at all worried which means they have their back covered. Someone is going to provide them the shares to cover. I guess it is already arranged, they have the seller ready to load tomorrow after 4pm on the RE-Balance. The shorts will walk out happy with a big profit. We will be watching in despair.
Management will continue with whatever they do (God knows.......& the short traders know).
I sometimes wonder who pays the management's salary.
It really is a very sad day for me. We took all the beating & thrashing on the downside but nothing to cheer for the upside. No matter how much patience I try to apply, I'm no Buddha.
I have failed myself. I guess a lot of smart holders realised long time ago and left. I was very slow to understand.
