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Anyone smart enough to buy this resource rich company here and now, will be remembering this opportunity in the future as the most ridiculous give away of all times.
I hope that you are right.Today, GDX dropped a little, but AUMN dropped 11% in a single day!!!! The relative strengths of AUMN with respect to GDX and silver price are POOR at best for the last 4 to 5 months.At least in the past 4 to 5 months, it is BETTER to hold physical gold and silver, and other gold/silver stocks than holding AUMN.
GDX dropped 6%, GLD dropped 1.22%, but AUMN dropped 10.2%!!!!OK, AUMN is a silver stock, so SIL dropped 5.5%, SLV dropped 3.5%, AUMN is about double damages of average silver stocks.Yes, gurus on this board have done great fundamental analysis, but AUMN is still very sick.