Gold Up, Anaconda Mining Down - What's Going On? Once again, Gold futures are going up, but Anaconda Mining is heading down again.
That breaks the Laws of Gold Stocks as gold prices go up, gold stocks usually go up, not diverge like Anaconda is doing now.
Just a few weeks ago, Anaconda Mining shares got out of "Penny Stock" territory in trading at a record high of $1.03 a share, and now its down to 85 cents a share.
Based on my 2000 shares of the company, an 18 cents a share drop means that I lost $360 from the value of Anaconda Mining shares since.
Perhaps there's insider trading or Anonymous unlawfully bidding down its stock, and not even know it.