Bold call. Not seeing it or feeling it at the moment.
Separate note. Not buying the concept being tossed around
Twitter that miners are selling off because of margin calls on
those who were highly leveraged in S&P and FANG stocks. That
seems preposterous. Perhaps the first day or two of the
waterfall decline, but now? Don't believe there are that
many traders with leveraged positions who also held large
positions in gold/silver miners that still have much to liquidate.
Anyone have other thoughts as to why this sector sold off
when always thought of as a safe haven?
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Great commentary from Stewart Thomson.
Posted by goldnice on 19th of Mar 2020 at 07:12 pm
Great commentary from Stewart Thomson.
Bold call. Not seeing it
Posted by RichieD on 19th of Mar 2020 at 08:58 pm
Bold call. Not seeing it or feeling it at the moment.
Separate note. Not buying the concept being tossed around Twitter that miners are selling off because of margin calls on those who were highly leveraged in S&P and FANG stocks. That seems preposterous. Perhaps the first day or two of the waterfall decline, but now? Don't believe there are that many traders with leveraged positions who also held large positions in gold/silver miners that still have much to liquidate. Anyone have other thoughts as to why this sector sold off when always thought of as a safe haven?