Today's action:Huge crosses are occurring - again.
I suspect this is why the price is as low as it is. They depress the price to the pre-agreed-upon price level of the cross. Conaccord, is involved in the crosses. I suspect this is institutional swapping. When you look at the chart you can see that the price has come a long way in the last twelve months. Year-end window-dressing is approaching and what better way to decorate your balance sheets than to sell humongous amounts of cheaply acquired shares on days of record prices in gold. This is the perfect opportunity for them to sell large amounts without crushing the share price.
Even so, it completely prevents the rally that would otherwise be happening. At some point the selling will stop and fundamentals will begin to assert themselves. Until then, all we can do is twiddle thumbs. I bought some more for 1.93 this morning. Then the price went to 1.92. So it's a waiting game.
Assuming there are no unexpected unpleasant surprises, like a major drop in the price of gold or general market melt-down, BTO ought to be a good place to be.