RE: RBC - makes some sense nowI'm rubbing my eyes here. 23136798 shares traded today. Lookslike a rotation within institutional holders. In any case, it is goodfor our long term weighted moving average, even if it would have beennicer to see this volume in the $3.50 range.
I
speculate that the price of the stock was manoevered down today andyesterday to allow these rotations to take place. Someone says "I wantso many stocks at such and such a price" but the market price is abovethat level. So the market price is worked down to the desired level,through shorting, for example. Once the crosses are complete, theshorts are covered and the price rebounds. We saw that asks weregetting filled by the (was it hundreds of thousands?) 8 cents above thebid in the dying moments of the day. Hardly "natural" trading.
A lot of money has been committed to BTO, which is a sign of confidence.
What gives me pause is the general precious metals market. Interesting article on that topic below.
https://www.financialsense.com/contributors/chris-puplava/2011/06/17/echoes-of-2008-suggest-caution-for-precious-metals-investors