RE:Something I posted thus in response to Jimmymacs post on the night volume.....he saw huge blocks trading....see his post....
Here's what I posted in response:
"There was a huge quick drop with huge volume, and volatile action both up and down......is this related to what Ernesto posted about something he saw on his phone about Collin Kettem no longer CEO?....I found no news on this.
I saw the big bids that came in as well. Could this be a Short Seller Trick getting a phony story out to create swift selling.....alot of shares were picked up in the past hour or less...probably around a million.
But the big bids coming in so swiftly, and as you point out, suggests a big buyer knows the real story, and was very confident to swoop in and pick up hundreds of thousands of shares.....WHO NEEDS to do this.....hmmmm......the obvious answer is the Short position....right after the Fed begins what appears to be a long trend of lowering rates, and gold responding with an uptrend.....could it be the Short realizes they have nade a mistake?......that's my take on this action.
The big buyers were very obvious, and showed obvious confidence in their buying.'