Futures roll, Sept is taking over May as the active month. Pumps up volumes in both contracts for a while.
Looking at broker activity over the last two weeks, there was really nice Insto accumulation going on from Citibank , Bell Potter & ABN. Then it just stopped dead and now the activity is totally retail dumping (comsec, e-trade etc). It seems to completely coincide with FMG's profit downgrade.
AGO Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
