RE:Don't get swayed by the sentimentthat huge dump is coming from BMO
auburn2 wrote:
This selling is driven by one seller whose pants were on fire to get rid of almost 800K shares ASAP. BBS was there to buy up most of what was being sold, but WHO decides they need to dump 800K shares in a single day? Expect a reversal of this trend later in the week as that seller seems to be all out of shares and the next largest seller had only a relatively paltry amount to sell.
Remember that they have over 100,000 ounces hedged at $1277 gold in addition some other ounces with a $1250 bottom.