RE:RE:Perspective - Today's sector-wide bloodbathShatnersRug wrote:
In fact, yes.
I believe that it's the daytraders that have lost their minds.
6-7 dollar drop in gold price and 8% drop in share price on only 1.75mil shares traded. LOL!!
Something big is happening. Barclays dumping like there is no tomorrow. This is not a daytrader move. More like institutional selling. Re: gold price drop vs drop in EDV, I believe that the miners always precede the gold price move. So either this is a "violent shakeout" of the weak hands or Gold Price is going down a lot lower from here.
GLTA.