RE: RE: RE: RE: RE: RE: RE: Someone just dumped 21 I've heard this BS algo argument for a few years now.
Why would a large algo trader try to trade a penny stock?
That makes NO sense.
The only decent explanation i've heard was the growth in ETFs.
Investors are buying ETFs, which hedge themselves with futures or other instruments, other than actual physical gold. So this is supressing gold prices and diverting potential capital away from juniors and into ETFs.
It's essentially hiding the true demand for gold and keeping a lot of capital away from the junior sector.