Since Monday, sellers were MIA, volume way down and today so far is no different. We have an iceberg at 46 from Morgan Stanley and other good size bids...but not much sellers even at these "higher" prices.
What surprised me yesterday was looking at the end of day and seeing over 6.6M shares traded! I did not see that volume at all going thru the day and now see that 6.2M was done on the PURE trading platform. There was another day of over 6M shares on Pure back on November 15th but after that, 51k is the highest number. I have to admit that I know nothing about Pure and cannot make any inference about the significance of this but if anyone else has some thoughts, would be nice to hear.
Gold is stronger than I expected this week. Most pundits expected a retracement and consolidation pattern but we keep climbing which is very bullish. The next 2 months could be very interesting for us as we may have the perfect storm coming: Gold in a bullish patter, our first positive earnings quarter, drill results and resource estimate for Segovia, PEA for Marmato, Deal with artisan miners at Marmato. If all this aligns, then we could be in for some nice gains!
Glorieux