I see posts all the time, mostly on the gold forum, by so-called 'experts' expounding their intimate knowledge of the gold market, assuring like-minded 'stackers' that all is well, that the market is 'rigged' and when this 'rigging' ends the gold price will 'moon' into the thousands.
This has all the hallmarks of a pump and dump and if you have a look at a chart of Sprott's fund, the enthusiasm is drying up, because the volume has plummeted.
Technically I think it might be headed to around the $8 mark. It'll be interesting to see.
What happened ?, page-270
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Last
$1.49 |
Change
0.000(0.00%) |
Mkt cap ! $1.439B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.50 | $1.48 | $2.767M | 1.860M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 36821 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 66479 | 26 |
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| Last trade - 13.51pm 12/07/2024 (20 minute delay) ? |
| DYL (ASX) Chart |