It feels like we're right back to some form of manipulation of
the mining stocks. So many gold stocks have drifted downward
for the past month or so in sympathy to the downward
move in gold. Yet, when gold rallies like today (gold is
up $12.00+), many miners continue to sell off (despite a rise in
the precious metal and the general market).
Feels like what its been like the past year and a half, except
for that brief 2 month period late July-late September: price of
gold rises, mining stocks don't. Price of gold drops, miners
drop harder. Market rises; miners do not follow.
What gives if not manipulation?? Are all the miners losing
money or dropping in earnings despite the relatively high price of
gold?
I got stopped out on my PAAS, but hasn't been hit too bad,
yet... their earning are on Thursday. After that CDE dive, I think
I'm OK that I am out, but look at GLD and SLV. YAY! Maybe Obama it
polling ahead and Ben gets to keep his job???
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True Matt but....
Whoa, what the heck happened to HL and PAAS?
Posted by RichieD on 6th of Nov 2012 at 12:01 pm
It feels like we're right back to some form of manipulation of the mining stocks. So many gold stocks have drifted downward for the past month or so in sympathy to the downward move in gold. Yet, when gold rallies like today (gold is up $12.00+), many miners continue to sell off (despite a rise in the precious metal and the general market).
Feels like what its been like the past year and a half, except for that brief 2 month period late July-late September: price of gold rises, mining stocks don't. Price of gold drops, miners drop harder. Market rises; miners do not follow.
What gives if not manipulation?? Are all the miners losing money or dropping in earnings despite the relatively high price of gold?
I got stopped out on
Posted by sbwoman on 6th of Nov 2012 at 12:31 pm
I got stopped out on my PAAS, but hasn't been hit too bad, yet... their earning are on Thursday. After that CDE dive, I think I'm OK that I am out, but look at GLD and SLV. YAY! Maybe Obama it polling ahead and Ben gets to keep his job???