Random Spikei doubt any one spilled any beans or leaked any information to anyone!
Stop it with random speculations.. simple explanation for this spike is that shorters are covering..
MM's had hoped to drop the SP below 1.45 with all their shares but insiders+stifel bought nearly 2million shares combined from them.. Now they have very little # to play around with..This is why they are covering their a$$es.
We have seen such spikes before..
Things working on CUU's favor right now:
1) Perfect TA chart
2) Insiders buying at the 200SMA support level (1.45) huge amount too
3) More drillings, more areas to be explored
4) MM's running out of dough to play us around wth hence re-buying the shares at a higher price (games are still going on if you look at the trades closely).
5) Longs are more confident than ever before on this BB..and they are all back! while bashers have disappeared
6) Teck's decision looming (99% already assume a buyout)
p.s;
7) its toooooo friggen hot in Toronto! lol hows it going in vancouver? i heard its chilly and cold.