RE:market know nothing ...
Frank007 wrote: it is all just manipulation by the banksters ...not enough retail to keep it going up until the banksters that shrt the stock are forced to cover ....or and their puts expire ...lol
well Frank it is an interesting argument and one I am up for hoping some other bulls chime in, anyone with half a brain knows we do not effect the stock price so let's begin..,,
why such a headwind ? Obv the time to sell was a year ago when gold was 1900+ with no tapering in sight ... now we look out a year and even the prospect of "tapering" is causing big funds to steer clear of gold , any rally is sold ....it's quite frustrating.
gold equities are trading at historical lows in terms of PE / nav etc....why? Are they pricing in a crash ? To me this seems like a no brainer ; gold goes up we win , gold goes sideways we win , gold goes lower we lose but how much (already pretty cheap) ... I'm loaded up in EQX ( recently avg about 8,30ish) but I'm getting more resigned to the fact I might have to endure a loooooong wait to see returns ....