reading material; those interestedSee what you see... note this last part, in relation to the miners and share-prices.. be it NWM's or any other, (imho) everyones hurtin' for "like" reasons.
When asked about the mining shares, Embry responded, “The mining shares seem to get worse and worse. There has been a lot of algorithm trading, there has been a lot of naked shorting and the natural buyers have been absolutely devastated.
The ones that are holding on to the shares feel sick and the other people can’t stand it anymore, they are selling. The fact is these things are reaching valuation levels like they were back in 2008. That was during a liquidity driven event. This most assuredly isn’t liquidity driven. This is short selling and sentiment driven.
When gold and silver perform the way I believe they will, which is to go up dramatically, the bounce-back in these mining stocks is going to be something to behold. Yesterday, when the mining shares were under pressure, somebody pointed out to me that Newmont Mining basically traded down to a 3% yield.
Now think about that. The US’s largest gold company trading at a higher yield than a 10-Year Treasury. That is amazing. This is just the nature of markets. As the old saying goes, ‘Markets can remain irrational longer than you can remain solvent.’ We are seeing a classic example of that right here.”
https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/6_Embry__Gartman_Inept%2C_CNBC_Wrong%2C_Gold_Demand_off_the_Hook.html