RE:RE:RE:Not out of the woods just yet!
Over 3.8 million shares traded yesterday on a day when the stock market was roaring, the dollar down, and the price of gold dramatically rising.
This huge trading volume was a significant spike above the average trading voloume of 341 thousiand.
This was a dump into strength. Someone or some wanted to unload and took advantage of an exceptionally strong day in the markets and strong rise in the price of gold.
This dump. had nothing to do with current stock markets or ARIS in particular as markets and the price of gold were rebounding strongly and as ARIS is one of the top performing gold producers with only 136 shares out and on guidance to produce 260,000 ounces of gold, a 20.8 % profit margin and a return of 16.47% return on equity, and growth.
The problem has been the price of gold has been declining as the dollar strengthened and market have been tanking this year.
Whoever dumped got tired watching their ARIS holding decline and compitulated at the very time when stock markets rebounded on news of October inflation softening, a declining dollar, and strengthening gold price.
Expectation is that softening inflation will give the US Federal Reserve space to ease back on tightening.
Those dumping are acting on their past experience and not on what is currently happening with a rebound in markets and a strong reversal in the price of gold and a falling dollar.
https://www.youtube.com/watch?v=ntumMNrziCE
Expect Aris share price to continue to rebound and breach its 50 moving average that it is bumbing up against now.