You know the CME raised margin requirements 5 times in 8 days right? The target was the PM sector. Although the target was Ag to help JPM cover their large paper short, it pounded the Au sector as well. There is not a miner out there that hasn't been kicked in the balls in the past 2 weeks. I not sure it's over yet either. Add to that he housing data #s and a ton of other crap that came out today, you can bet we are in for a rough ride. Signed, Martin Rivard
He doesn't need to...It doesn't have anything to with RIC....HUGE stock price run up and over extended, gold and silver have a pretty large drop, the entire sector drops...Good grief the price nearly doubled in just a few months...Just normal market action.
No offense intended. seeing ric trading less than half it's value should not be considered "normal". just for the record, two of my friends each bought 2,000 shares at $5.00. one of them called and said she sold out today.