RE:Wadda ya think they are doingYes the MM's are screwing with the shares again! Gold has not dropped enough to cause all this damage in the shares. The price is only down $150 from its high!! Thats 3/4% of one percent!! Everything I own is down 15-25%.
Gold is weak again today as the dollar is up again....because as you said...employment numbers show the economy is sooooo strong! Yup more BS!! The dollar has been drifting back down since its high this morning and that is helping gold price stay above support. If the dollar turns back up, I very much doubt that 1920 will hold. 1880 next support level. Lately the gold price has been moving up and down tick for tick against the dollar.
Wall Street is getting hammered again this morning. Another stupid reason mining shares are down. And stocks are still waaaay over bought. I dont want to see this turning into another panic self off (its headed there) like it did the last time in March. The mining share prices got destroyed and created a fantastic buying opportunity, but now now I have no cash.