Ununsual acvtivity today! all of a sudden circa 8c is a buy and sell oppottunity! very orderly and controlled...almost robotic! now what does that tell us? 1,200,000+ exchanged.theres always been buyers in the 8c area...now holdings of around 8c were 'inspired' to liquidate that position.
I am of a positive view that the the buyer for 8c mark now has the chance to make gains instead of losses in their portfolio. and the seller doesnt have to buy back at a higher price to cover the loan.....all hypothetical of course.
The upshot is now thats done we may let the market move more freely, considering we are not in the same old predictable PGM anymore. A very prudent move!
PGM Chart, page-52
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