I think a fall is pretty certain. Not just because of the amateur attempt at spinning the RNS but also because the gold price is breaking support and heading below 1900 this week...sadly.
It is just a matched trade or part trade in the closing auction from the remaining orders on the book... what it actually means is that we are more than likely going to open 8% down tomorrow given the trade pricing beforehand. Not happy at all with that
I think the raise in main indices today globally is a bull trap.. looking forward to CPI print in US tomorrow as I am convinced it will be a shocker. only gold and cash for me now.
its dropped because we have a seller(s) and also traders taking their 10-15% .. gold spot price has fallen back over 1% as stock have a little rally. For me the market seems to be ignoring slowing global growth and as such the investment case for gold is fantastic. Italy just now reported their lowest factory order rate for 16 months and yet their main index is up 4.32% as I type. I am holding this and other gold related stocks for one reason and it aint about Ukraine as tragic as that situation is.