lots of nervous sellers friday as gold reversed from 860 to 851 on the close which had it steady. now we have lots of catch up to do today given were in the 870's which is up 20 bucks. wouldn't be surprised if we see a 2.65 open that reaches 2.80 today with a strong market and better sentiment.
interesting to see how quickly it rises now given this has been a short sellers feast for many months. Watch OZL too, i reckon if it bounces harder than LGL then we know that short selling has had a more than expected influence on quality companys being driven to the floor in recent times.
I believe todays shortselling rules will bring the market more into balance in the recent future until further changes are made again. pay attention to the diffence on market depths for now
On another note the Haron collider has had to be shut down for 2 months. What a co-incidence!!! Sometimes we need to look outside the square and get all mysterious clues we can get to survive these days
LGL Price at posting:
$2.45 Sentiment: Buy Disclosure: Held
