Was going to post this 2 hours ago, had distractions but seems even more clear now. Have said many times that when the big moves take place it is when a big seller/s runs out, goes away. This morn GoldSpot was seeing that. The spread widened, action was mid or on Ask, bid was bigger. Just had that feel the supply of stock was going away. It was about .61 then.
Just checked, now is .6318 up 3.5%, Sounds like nothing but it is a change in trend, a new 5 week high. A sloppy Cup and Handle breakout. Yesterday big volume 300,000 on OTC side. Today? Nada, 16,000 only. Backs up a sellers strike, that the big seller/s having been taken out.
There was no reason for it to be this low, it ignored gold even when it went over over $2,000. But today gold down hard and it makes a 5 week new high. Like it. Hope it is indeed the big irrational seller/s out of the stock.
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