RE:RE:RE:Warrants will not cause a wave of selling plus an M&A theory@gold_diggers1: T.AVK traded down, just like most other gold equities to the tune of +/- 10%, so I wouldn't that much focus on T.AVK's performance. What I would focus on is that there was a massive amount of volume, which means that investors stepped in size to buy T.AVK when it was on sale yesterday.
It also seems to me that its deja vu all over again: Ahead of the last Fed meeting in July, all the gold equities pulled back to about where they are today in anticipation of an interest rate hike being signalled. Yellen is to speak Friday and gold equities have pulled back to late July levels, which suggests that the rate hike is priced into gold equities. A good pair trade might be long a basket of gold equities and short one of the gold ETFs.