RE: Kinross missed targetsMy opinion on IMG surge of 9 % and then takedown to -1 % yesterday is that the shorts were covering and closing lower level shorts in the red and then laying down new shorts at a higher price point.
This is not to make money. The shorts plan on losing money. This is because the shorts are part of an organized effort working to deflate the rising tide of gold/silver enthusiam that could act as an escape hatch for investors fleeing the paper denominated stock/bond markets. Gold cannot catch fire now, so they throw a bucket of water on it. And yes, they have a handle on nearly every single gold / silver issue and can take it up or down at will.
The proof of the pudding is what happens during the upcoming general stock market crash that is right around the corner. Watch the market decline 20 % and all gold stocks decline 40 %.
They will say that gold is liquidity and investors "cashed" in there liquid assets like gold to get a hold of cash and thus the more serious decline that the general market. BS....... but desperate people, do desperate things. They already did this to us on August 16th and most of the silver stocks are still 30 % off of their highs even with the metal at 28 year highs !!!!!