Especially for golddbuggEven more laughable is to try and pin the stock's weakness on company specific factors. Here is how a smattering of juniors has fared this year from their highs, in what I view as the worst smashing since the PM bull started in 2000.
The left number is the amount they fell to at their lows last week from this year's highs, and the right number is the amount they are down following the minor rebound this past week or so. Mind you, this list covers everything from explorers with big reserves to ones with small reserves to producers. Most companies have heavy Mexicon exposure on this list, excepting GEA, OLE, BYBUF, and ARU:
ECU Silver (ECU.TO) -62%/-48%
Scorpio Mining (SPM.TO) 53/40
Gammon Lake (GAM.TO) 61/55
Excellon (EXN.V) 52/27
Great Panther (GPR.TO) 59/52
Esperanza Silver (EPZ.V) 67/60
Gold Eagle (GEA.TO) 60/47
Buffalo Gold (BYBUF) 65/50
Orimin Resources (OLE.V) 50/43
Aurelian Resources (ARU.T)45/37
First Majestic (FR.V) 56/48
EXMIN Resources (EXM.V) 61/55
And how about these Majors, all at MULTI-YEAR lows, down the following from their highs:
GG -46%
NEM 38
AU 39
GFI 44
HMY 55
Yeah, it's all SDRG. People, the PM market has been hammered away at by our friendly gov't to keep sentiment away from gold/silver during these troubled financial times. Read GATA to learn the real story, instead of focusing your negative energy on the poor executives trying to make a living in these conditions.
The key to SDRG and the rest is a turnaround in PM prices, and thus a return of capital to the group. It'll happen, sooner or later. Until then, we wait.