Part of the answer may be a popular sector attracting weak
hands. Precious metals and mining stocks being such common
newsletter fodder and fitting so neatly into certain political
ideologies makes a fine recipe for the often violent shaking out of
weak hands. It is not any wonder the sector is subject to so many
conspiracy theories when conspiracy theories are what attracts so
many to the sector in the first place.
but I have to disagree with you regarding popularity of the
sector. It may get its fair share of press
but....
I manage a mid-sized law firm, oversee the firm's profit
sharing plan, know quite a few clever people between
employees, business contacts, colleagues, family and friends...and
can honestly say, that of the 300-400 individuals in my email
address book, maybe 4-5 have precious metals investing
even on their radar screen. That's a small % of
investors...and I'm fairly certain that's representative of the
population at large in this country.
Can't be a crowded trade, in my opinion. So, there must be
a different explanation.
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Mining Stocks
I love the simplicity of technical analysis but.........
Posted by majminor on 1st of Mar 2012 at 04:03 pm
Part of the answer may be a popular sector attracting weak hands. Precious metals and mining stocks being such common newsletter fodder and fitting so neatly into certain political ideologies makes a fine recipe for the often violent shaking out of weak hands. It is not any wonder the sector is subject to so many conspiracy theories when conspiracy theories are what attracts so many to the sector in the first place.
I hear you majminor.........
Posted by RichieD on 1st of Mar 2012 at 04:41 pm
but I have to disagree with you regarding popularity of the sector. It may get its fair share of press but....
I manage a mid-sized law firm, oversee the firm's profit sharing plan, know quite a few clever people between employees, business contacts, colleagues, family and friends...and can honestly say, that of the 300-400 individuals in my email address book, maybe 4-5 have precious metals investing even on their radar screen. That's a small % of investors...and I'm fairly certain that's representative of the population at large in this country.
Can't be a crowded trade, in my opinion. So, there must be a different explanation.