Resource sector exodusI sure hope we don't get the next drilling results during this sector sell-off, especially if they're positive. The selling pressure would probably continue regardless.
I'm comparing other Mexico juniors and see they're off their 52 week highs by 25% - 50%. GNG is within that range. Most of these have made great advancements and are very promising. Some will still be very profitable even if Au & Ag continues to drop significantly.
Examples:
Ticker___52Wk____Today_____%
IPT_____$2.50_____$1.25____-50% Unbelievable!
UC_____$0.70_____$0.36____-49%
GNG___$0.70_____$0.40____-43%
FR_____$7.05_____$4.65____-34%
SPM___$1.53_____$1.12____-27%
Hopefully the sell-off is coming to an end. It certainly can't keep this pace up for many more days. Who knows? Maybe Monday or Tuesday could bring some sunshine.
Go4Shiny