Could it be that some big boys not finished loading up the stock.. and until they are finished loading it up, that's when it will shoot upward.
Whenever it tries to go up, someone purposely sell to push the stock down. Someone really want to hold the price down for the stock.
Short squeeze will come soon with this massive short today.
Someone is shorting IAG big time today. Constantly borrowing share out to short.
Yeah.. what if it isn't? Then CNBC or Hedgefund will say "next month", then "next month", then "next month".. and then repeat it everyday about tapering in January, Febuary, March, April, etc.. .. it's all BS.
Agree. The problem is due to US Market trader manipulation and CNBC/Hedge Fund promoting fear to investors.
Everyday CNBC and Hedge Fund saying there's a chance of taping. They try to stir up the news and promote fear everyday in hope to bring price down. Most likely CNBC was ordered to do so by Goldman Sach to promote fear to investors.
When US Market close, GDX and Gold are up. When US Market open, they are down. It's all manipulation by the US Market trader.
Without the shortie in the U.S. Market (Thanksgiving), the share of IAMGOLD in Toronto Stock Exchange (TSX) goes higher (Currently at $4.56). This tells you how many manipulators in the U.S. Market preventing the stock to move up.
Yeah.. hedge fund try to lower the price of the stock so they can buy them at a better price. For the downgrade this morning, there's really no reason to. If for downgrade, it should have happen after the earning (within the week). I have a feeling they downgrade it to lower the stock price for them to load up. With all those U.S. dollar printing every month. I don't see a reason how gold will go down much further. I saw the interview (video) with former U.S. congressman Dr. Ron Paul. He also agree that with all those U.S. dollar printing, once it break loose, the gold will shoot up big time.
Totally agree with you Colorado_guy1. I've been watching the chart all day today. Whenever the stock price attempt to move up higher, someone deliberately put a big sell order to push the stock price down. As an investor, who will want to sell low and big high? Looking at the chart today, the big sell order only happen when the stock is about to move higher. Someone/group must be borrowing share to keep the stock price down.
Someone purposely push down the stock at 10:31am. Take a look at the chart and you will know. At that point, the stock price has a good chance to move back up. 20EMA cross up over 50SMA. If the person need to sell and get out, why would they sell at the low and not sell at the high?
The miners already at their lows and can't go any lower. Therefore the chance of moving higher is coming soon. You probably didn't heard the news that came out in late Friday where China announces that they are going to stop Stockpiling U.S. Dollars. China has taken the first step to remove the US dollar as the reserve currency by broadcasting to the world that it does not see the benefit of holding the dollar any more.
Someone who worked in Goldman Sach must know about this. Pretty sure they are accumulating gold behind the scene at $1200-$1250 area. When they tell people to sell, that's when they buy.
I don't expect it will go down much further. If the drop continue, it can hit 0 within 2 months which I don't think it's possible. From nasdaq level 2, there are still people trying to sell at the low end of the share price. I don't think it's wise to sell it now. If people stop selling their shares, there should be some upside starting next week.
You are right.. there was another big short order at 2:31pm today trying to push the stock down but end up failed to do so.