RE:Price Movement
Agreed. This is a dollar-driven reversal of PM’s and commodities coming from the much larger currency and bond markets.
The chart pattern breakdown is negative but TUO is no leader here - across the board if misery likes company watch some of the silver stocks - US dollar strength is dishing out a beating, for today.
As for pump and dump, look at the price history tab and check out the volumes - modest and no insider sales noted at or near the interim highs. On the contrary, options went out at higher prices.
So there is some calculus occurring regarding the global economy that Covid may be a wet towel through the northern hemisphere winter, and as the dominant reserve currency (for the time being) the US dollar may fare better than other currencies. The Americans at some point are going to bridle at imports being cheap and their export pricing getting hammered, making job gains tough. Expect the Fed to push back with some more dovish message and then PM’s will reverse to the upside?
I’m not yet so lacking in conviction about the big thesis that I’m throwing in the towel on “the race to debase”. But not much fun to watch reversals.
cg