RE: Amazing comebackIt was not a fluke about the amazing comeback. This was not normal market action. The bigger and/or brighter the precious metal stock, the deeper the takedown.....
For example, next week SVM will announce good quarterly results. We all say what happended to SVM today. Also, NG gets a showdown with Barrick next week on Tuesday and is projected to win. Taken down 3 dollars from top to bottom today. IAG surged this morning up 9 % and then went negative on the day and closed slightly up. Earnings next week....... Gold and silver were up today. All gold and silver stocks are way undervalued based on the metal action of the last 6 weeks. Why would any holders of these in play stocks tank simultaneously so sharply ?
Is this a prelude of distractions to come ?
Are the market makers telling us that it doesn't matter what the underlying metal does - in a stock market route the baby gets thrown out with the bath water ? Everyone takes a bloodbath in a market crash.
Are the players trying to shake out the weak hands because the writing is on the wall that PM stocks are going to the moon ?
I don't know.... but I see a serious accident going to happen to the general market soon.