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Yamana Gold, Inc. Message Board

  • btu4u2 btu4u2 Mar 4, 2013 5:12 PM Flag

    Capitulation?

    Is tomorrow the day the metal loses 75 or more dollars, the miners swoon and then recover? I think tomorrow is the day.

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    • Don't know, but this was looking mighty overdone today... off tweice as much as other miners and huge volume? GLD was pretty much flat all the while... Market is full of panic right now, panic selling in GLD, then even more panic in miners, panic selling in AAPL is ongoing, panic buying in names like GOOG and LNKD. Market overall had no volume other than select pockets of volume. Whole thing looked pretty conerning and makes it temting to just step aside, but to many good opportunities... to many good cos trading at low multiples while the cos have fire power on their balance sheets...

 
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