RE:unbelievable - AR is at 52 week low again.Looks like AR was shorted again today. I don’t think they would have made much money (relative to the risk).
The shorting will likely never stop until there is serious volume (1M+ average daily volume). The shorting won’t affect long term. The real problem is how many new (or past) investors were scared off with the recent drop. They won’t come back so easily and that’s what keeps volumes low.
It’s the fourth time it’s been below 1.20 in the past 12 months.
No one will dispute the steep drop in gold (Fed rate like going up in December) is the cause this time.
Unfortunately nobody is buying with the supposedly good news that’s coming from AR.