Posted by jamtoday on 15th of Apr 2011 at 02:23 pm
Anyone else watching the way in which MGH falling. Also
lackluster response of many big gold stocks to the move up in GLD
last 4 days. See ABX & AEM prime examples.
that they still have costs associated with mining.
They have to pay for fuel , etc to mine the gold, silver....
so the curve for profits isn't necessary the same as the
curve to the increase of the underlying metal.
Posted by sharonrose on 15th of Apr 2011 at 06:29 pm
Agreed. What a disconnect today with the miners and and
gold and silver themselves . Tried all day to
play the miners to no avail. I'm thinking that gold and
silver stocks will suddenly play catch up, or ...... a big drop in
the metals.
MGH Minco
Posted by jamtoday on 15th of Apr 2011 at 02:23 pm
Anyone else watching the way in which MGH falling. Also lackluster response of many big gold stocks to the move up in GLD last 4 days. See ABX & AEM prime examples.
XAU and HUI
Posted by rbreese on 15th of Apr 2011 at 05:22 pm
I watch these two and they lead the miners up and or down. They are acting as though Gold was at 1350 not 1487. Good weekend.
I think the problem with the miners is
Posted by zach06 on 16th of Apr 2011 at 05:05 pm
that they still have costs associated with mining. They have to pay for fuel , etc to mine the gold, silver.... so the curve for profits isn't necessary the same as the curve to the increase of the underlying metal.
Agreed. What a disconnect today
Posted by sharonrose on 15th of Apr 2011 at 06:29 pm
Agreed. What a disconnect today with the miners and and gold and silver themselves . Tried all day to play the miners to no avail. I'm thinking that gold and silver stocks will suddenly play catch up, or ...... a big drop in the metals.
Any opinion
Minco trades like its on
Posted by huylam on 15th of Apr 2011 at 02:36 pm
Minco trades like its on crack. Sold half this morning and just got stopped out on the rest, made 8%.