Gamble please explain why the instos are screwing us? Do they want their share holdings diluted as well? Keep in mind the latest CR was to a new insto at a much lower price then the previous CR. Does that serve Blackrock well? Does it give them an advantage?
If they are holding the price down then maybe we should thank them and buy some more as funds permit. If your not a day trader or a 3 year old child that needs instant gratification then just relax. Obviously the PM sector is not very popular at the moment, yield is the latest craze! What we really need is for gold to break out of this holding pattern and resume its inevitable move upward. Sentiment will change and all the needless hand wringing will be a distant memory.
Im waiting for the WRZ bonanza drill results. If they are the same or better then the last results I'm throwing the kitchen sink at this share.
IDC Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held