Normal market gyrationsI don't think it is necessary to speculate on why GBB is dropping today. IMO, this is just normal market gyrations that the resource stocks go through periodically. I don't believe it has anything to do with pending/leaked news, market manipulation etc. The general resource/precious metal sector is trading down today, since Canadian markets were closed yesterday when gold had its big drop. It is the general market sentiment in this sector that is down.
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Personally, the dozen or so resource stocks I hold are all in the red, not just GBB. GBB may be down more than others because it has had such a great run over the past four months. When stocks go on such bullish runs, they pick up momentum and, if volumes are high, also pick up momentum traders. These traders will ride a stock for as long as the uptrend remains intact. Unfortunately, when momentum slows, they bail pretty quick and move onto other speculations.
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Once GBB finds a new level, buying momentum will come back pretty quick. Especially, if positive news is released. In that case, watch the traders come back and propel the stock quite quickly. If you believe in this gold play, just ride this out. GLTA