It is a large seller or sellers reducing their stake/s.
The big buyers know that and are keeping their bids low. Why would they not do that? Makes sense to me not to chase this share at the current POG (or indeed most, if not all, the goldies).
SLR is not the only goldie getting a hiding today. They all are. I am not sure why we are getting this selldown today. Perhaps it is the need to get out before the bigger selldown expected in June when there will be a lot of tax loss selling, or there is an expectation that the POG will fall a lot further.
loki (I believe in the conspiracy stories that the big boyz are out to get me, and take my gold away from virtuous I)
SLR Price at posting:
91.0¢ Sentiment: None Disclosure: Not Held
