lest we forget: for every seller, there's a buyer.

I think Aves' theory on exit by those who expected an imminent liquidity event could have some truth to it.

however, aside from the insider-trades-that-weren't (tell me the inaccurate markers weren't someone's attempt at revenge?), we're not seeing the bottom drop out.

on the contrary there's a good amount of sustained support that's keeping this relatively flat.

not to mention macro-wise, there's Syria*.

didn't think the merkins had another $758B to spend frivolously on war?

aside from being an opportunity to flip the bird at Rouhani, there must be a lot of oil destined for that pipeline route huh?

GLTA,

R.

* - refs

http://en.wikipedia.org/wiki/Financial_cost_of_the_Iraq_War

http://www.theguardian.com/environment/earth-insight/2013/aug/30/syria-chemical-attack-war-intervention-oil-gas-energy-pipelines