ABX = pure worthless garbage, it FAILED again as "flight to safety" investment
Ladies, you can NOT deny that these sick rotten golds and silvers FAILED completely to rise a notable percentage point during the MidEast war, once again proving that they have absolutely NO value today as "flight to safety" investments.
Reason: the forever sick golds and silvers DIVE during financial troubles (whenever the Dow or Nasdaq fall to any degree)....they ALWAYS DIVE during currency turmoil....and now I have shown categorically that even WARS no longer lift the USELESS gold or silver miners.
Ergo, they are ALL effectively WORTHLESS, and you can NOT argue the FACT.
Ladies, if you do not own massive shorts, particularly in the money PUTS.....or WRITTEN out of the money calls....if you are psycho or retarded enough to hold only long positions in these DYING golds and silvers....then kiss ALL your $$$$ goodbye.
We are on the verge of a PANIC SELL in all golds and silvers, that constantly VERIFY they have NO flight to safety value any longer, and again, that means they are ALL effectively WORTHLESS.
Gold miners trade like equities, not like gold. When it becomes clear that the fiscal cliff is resolved (and more importantly, that the U.S. won't fall back into recession), ABX will go back up. Short at your peril.