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Re: ConferredDiligence post# 1514

Friday, 08/14/2015 5:10:05 PM

Friday, August 14, 2015 5:10:05 PM

Post# of 2291

To me the only explanation would be that the market makers are controlling the stock



In my opinion that isn't a very good explanation. If you look at a chart of Claude vs basically any other gold stock it is soaring relative to its peers. The same rationale argues that gold is heavily manipulated on the downside as it rose every year for over a decade - but does that really make sense? It is much more likely that this is just normal bear market activity. Everyone has gone fishing and developed a distaste for good news at the moment and many will use it as an excuse to sell but the market is cyclical and it will come back eventually. The volume in general is low (although it was above average on the TSX - over 500k) so that large, exaggerated swings can happen - yet if we went up on very low volume it is highly unlikely you'd say we were manipulated by MM's in that direction.

In a bear market Claude's value becomes largely irrelevant in the marketplace but when sentiments turn it will be exactly that value that drives Claude up to new all time highs, well ahead of its struggling, unprofitable peers.
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