From a Gap Up open to capitulation and stop runs...
Wow... another one of those adrenalin rush days.
Instead of a mid-day crash/buying opp, followed by a strong rally
like last Thursday's "Carpe Diem" day... today we had a gap up
open, followed by a broad market led, mid-day collapse into
the live broadcast of the "Big 3 Auto" hearings.
And we either got one of the great buying/trading opps of this
entire cycle... one in which the PPT will come into Asian markets
before the NY open, and then pump up tomorrow's open...
or, look out below!
I put a lot of money to work into the close. Bought NEM AEM
KGC MFN in addition to DPTR during the day.
With NEM, I feel like a hitter in the zone who's seeing
all the seams, and the ball looks the size of a beach
ball coming in...
Sometimes you get into the flow of the tape on a stock
and you... just know.
Huge buy blocks came into NEM at the close again, I think
4 blocks of 550k each? and there's cRaZy buying here after
hours, a lot of gold stocks getting bought strongly up!
I'm seeng 8600 shares of KGD going at 11.81, I think I bought
it at 11.17 into the close.
Blocks of AEM and more NEM are clearing way over the close.
2 block of 6,900 shares of AEM at $29.39 and it closed at $26.18?
A 44,800 share block in AUY at $4.02 - that's up from a $3.71
close...
BVN just had 2 small blocks of 2,800 each, go off at $12.32
vs. a $11.84 close.
People, I think we just saw one helluva buying opp for gold stocks,
because the only way we see this type of action after hours,
is it it's MASSIVE short covers.
We find out tomorrow.
Either the PPT steps in tonight in Asia, and strongly
into the NY open... or, shit hits the fan.
And if we rally tomorrow...
I'm going to Disneyworld!
Mo later,
SOTB
Here's NEM's chart from the last 2 days:
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