The 12% price rise in Europe is great news.
I wonder what proportion was
- long buyers wanting a share of ORE for the long term; or
- short sellers choosing or forced to buy them back to close out their position.
Let's hope it is more of the former, so the later buying demand is yet to come.
I have been watching out for a short selling avalanche like VW in the past. It would be exciting to see.
