Cant see need to panic, myself [yet...]. Increase in price, vol since early March was extraordinary, price accelerating away from 30ma price line.
And not necessarily options action either. On 11 March SBM was included in S&P/ASX200 so renewed institutional interest. Hunter Hall was seller of 5.4m shares on 9/3 [ front running S&P release ? it appears bought these in Feb 2015 so taking profits on reaching a major milestone ? ]
Then on 18 March, Van Eck bought 28m shares for GDX [ possibly topping up in GDXJ at same time, accounting for the >50m vol that day ?]
On the same day, Hunter Hall sold a further 6.6m shares. Still got 62m to go....and some huge profits to realise at some point, so maybe capper of price trend now for a while ?
I hope price action will calm down to more closely follow a steady rise in the 30ma line for a while, and that Hunters only sell on major volume demand days rather than forcing the price. Guess it depends if gold price collapses/soars and your guess is probably better than mine on that.
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Cant see need to panic, myself [yet...]. Increase in price, vol...
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $233.2M |
Open | High | Low | Value | Volume |
33.5¢ | 34.5¢ | 33.5¢ | $678.5K | 1.991M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 131915 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 327657 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32500 | 3.430 |
9 | 72187 | 3.420 |
11 | 203897 | 3.410 |
9 | 117260 | 3.400 |
11 | 118353 | 3.390 |
Price($) | Vol. | No. |
---|---|---|
3.440 | 192470 | 22 |
3.450 | 143302 | 12 |
3.460 | 61139 | 4 |
3.470 | 41621 | 7 |
3.480 | 81907 | 5 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
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