Still more scary things to happenYes, YRI and a few others are back to the 2008 low when Gold hit a low of 681.10 after hitting a Feb 2008 high of 1032.30. Get the picture? GOLD was at 681 when YRI was trading 4.75. And some of you think this is the bottom? Take a snapshot of ABX, the biggie. Falling below the 2008 dip. ABX has been into a 20 yr low since Jun 2013.
Now picture Gold at 1050. Still nearly 400.00 higher than 2008 fall when the DOW dropped below 7000. The bankers have figered out a way to manipulate gold and turn us away from real value instead of paper money. This is a long haul I think. Falling pm's without the support of the DOW.
I am now looking at 2003 and 2004 as levels where some of these gold stocks could fall. Does not mean they are not a trade. But with every 10-20 % move up there will be shorting taking place as Gold move back toward the 1000 area. Gold has not lost even 50 % whils some gold stocks are down 75% or more. Overkill for sure.