Deflation! Why deflation - slow down in the world economy while at the same time all governments throughout the world have tried to spurred the economy by lowering interest rates. The world has been managed by leaders who self interest keeps them in power while they reap all the cream from the top of failing economies. A perfect example - you know who is taking a $60-$100 M vacation on the hard working taxpayers of an economy that is handing on a string of $6 trillion of deficit spending in the past five years. Welcome to the decline of the USA. We have seen our best days.
It was just a sector thing, common among them all such as GDXJ. It is important to note that their Canadian listed stock BRD.TO DID NOT CRASH AT END OF DAY on Friday. Same pattern as BRD, except no end of day crash. So definitely just a temporary issue. BRD should be bought here, if anyone knows what is smart to do! Insider buying is also huge with BRD; a positive factor. The BRD.TO listed stock had another insider buy 15,000 shares @ .63 in May 2013 (last month).
Writing is on the Wall. Uncle Ben pulling the pulling the plug. The Dollar
heads higher. Hitting the back door may be very wish as we seen at the close.
I would not tough this one. Repeat performance with Hedges selling out their
positions in BRD may be just around the corner. imo
Bag Carriers Needed!