Canacc. doing almost all sellingCanacord is singlehandedly keeping down the ask during the first half our of trading. About 80% of all selling this morning is being done through them. Clearly, someone is using the strength in gold to sell.
It is likely not Canaccord themselves but a holder dealing through them, as institutions like to exit their positions anonymously. But this is not for certain, of course. Yesterday heavy selling through Canaccord also kept the price down.
This could be year-end window-dressing by a fund, or simply an investor locking in profits. Or it could be something else...