2 things for Gold investors For the serious gold investor and those with more than a passing interest in Staccato:
On Friday the market depth at closing was 14 bids for 123,500 shares and 9 offers for total of 55,000 shares. During the day, the average amount of offers was less than 8 and average bids was near 18. During mid day the number of shares bid was 3 times amount offered and that ratio was consistent most of the day. This was happening during a Friday and during a time when HUI was breaking it's important 350 level. 350 marked a break out earlier in week and top of a wedge, plus was the new support. I trust you can make your own assumptions as to the action of CAT shares...
Further on HUI action and breaking 350 support, there is an interesting piece at Metropolecafe by GATA which is some investigative work done by a poster at Siliconinvestor called Joe Stocks. This is an outstanding and intelligent piece which explains the inner workings of intervention in the market place/ with references and sources included...the link is as follows:
https://www.siliconinvestor.com/readmsg.aspx?msgid=22789705