OT AVOID Sandstorm Gold, pumped by Cramer slimebag
And one other warning about SAND, the latest wrong way pump coming from Cramer, who is infamous for pumping gold or silver stocks that tumble hard (do you remember his repeated pumps of Barrick before it dived into the toilet?).......with option expiration fast approaching, the call writing funds must slam ALL golds and silvers, that are massively imbalanced in calls vs. puts, because once again, poor overexcited amateurs bought way too many calls, without considering for one moment who their counterparty happens to be (gold funds) and their ability to slam gold stocks at will, whenever they choose to do so. Just remember: most of these gold miners do NOT pay dividends, so the primary way for the slime gold funds to earn income is by WRITING calls.
Anybody crazy enough to buy call options in golds today deserves the coming wipe out.