RE: buys vrs sells28 Jul 2020 15:03
Just checked some figures I made a note of a year ago. While PIs invested with HL, HX, Barc etc. have increased over the last 12 months, Yellow Dragon holdings have gone down from 68 million to 34 million, and Golden Summit has gone down from 65 million to 49 million. Now I believe I read somewhere that one of these two transferred their interest to the Orange Trust which currently weighs in at 71 million.
So I conclude that either GS or YD are selling up. At half a million a day we may see this overhang end in 2 or 3 months, or am I getting this wrong?