I had a look on shortman website and, yes, heavy shorting of RMS over last month. Looks something like 27million more shares have been shorted in the month, not including the last couple of days as the data is delayed. That’s 80million shares all up shorted so very significant position. Most likely they are defending their short position with more heavy selling today. I can’t see the gold price going into a quick retreat so I’ve taken a position today. Hope the shorts get burned here.
Good luck all.
RMS Price at posting:
$2.84 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)