Does $54 sound like a place to stop bleeding or is this redheaded step child going even lower?
Why are miners appreciating better when the DOW/S&P is up? Why can't they move on there earnings and combination of PM prices? I just find that a little strange. By the way I have been bullish for a long time now.
The 2 and 5 year charts show it flat. That pathetic if you factor in the recent PM bull market. If history repeats itself that recently 35% jump will disappear.
If people requested delivery of there paper contracts of physical metals, GOLD and SILVER would skyrocket.
The more I see these types of trends the more I see the massive corruption in manipulating these commodities which realistically are worth far more then there DOLLAR equivalent.
80% of the PM miners are down that I can see with a strong PM market and with most calling for great earnings. If these companies can not go up in this environment, What environment will they go up in. Look at the charts...ITS PATHETIC!!!
No matter what Gold does these funds lose. 5 of 6 mining stocks I follow are down yet strength in the PM market is strong. This tells me there is a sell-off coming. Yesterday I heard that Goldcorp was going to sell some of there reserve. I hope not.
Its pathetic when a PM commodity companies are selling along a down stock market. I hope this company is not leveraging or selling there own commodity.