I've been wondering if the rise has anything to do with our potential strategic investor. They have the opportunity to convert between May 31st and June 30th. Perhaps anonymous is the investor buying as much as he can as low as he can.
With gold blasting to new all time highs and with people such as Jim Sinclair stating that "Gold is now trading as a currency....and physical gold is now controlling the gold market"...it may be that the 'speculators' out there are lighting a fire under the rear end of our strategic investor.
Speculating is the assumption of risk in anticipation of gain but recognizing a higher than average possibility of loss. The term speculation implies that a business or investment risk can be analyzed and measured, and its distinction from the term Investment is one of degree of risk. It differs from gambling, which is based on random outcomes.[5] There is nothing in the act of speculating or investing that suggests holding times, have anything to do with the difference in the degree of risk separating speculation from investing.