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Market Vectors Junior Gold Miners ETF Message Board

  • fairwarning50 fairwarning50 Feb 19, 2013 10:18 AM Flag

    I AM DOWN 50K ON THIS DAMIT TO ALL LIVING HELL!!!!!!!!!!!!!

    AND THIESE CROOKED MACHINES KEEP ON DRIVING IT DOWN!!!!!!!!!!!!!!!!!!

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    • That bites!!! I'm down pretty hard myself. Funny how we go into QE-Infinity and gold and silver go down, and the miners tank as well. It really makes very little sense to me. The problem is the Euro keeps going down and that's making the dollar go up, which in turn makes gold and silver go down. Plus if you look in the mornings for the last few weeks between the open and the European close there has been a slam down on Silver mostly, and gold. It could be a large fund trying to unload something profitable to pay for a large loss in AAPL. Or it could be straight up Banker BS trying to keep the shiny metal down. But, with a full on printfest going on globally, rest assured that AU/AG will go up huge longer term and the miners will follow. Whatever is going on right now won't last. Bernanke is DETERMINED to devalue the dollar and will find a way to make that happen, which is course will make gold and silver go up. Longer term paper money will lose and it'll be the hard assets that hold their value after the mass currency devaluation is over. It's been that way for at least a couple thousand years now, this time will be no different.

    • Gold is $hit.

    • Buy another $50k worth to average down if you feel strongly on the stock.

 
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