RE: GOLD......Lets see, some say: " I don't get it..." " This was clearly supposed to be a catch-up play" etc etc. This is not complicated, its not mysterious, it is a gold stock, volatile, in a volatile market. It does not, on any given day, HAVE to do ANYTHING. I used to hear this exact same stuff when Kinross was bouncing around in single digit territory. My answer: on any given day, there are market forces, there are individual situations including institutional holders, there are technical traders, there are folks who bought and when given an opportunity decide to take profit etc etc. Here, there was anticipation, and a move up. Maybe not as big on that day as some expected (so what!, what else is new) and now some folks sell and take some profit. Does it all mean a big plot? Not necessarily, and even if so, in the end VALUE will assert. Which brings us back to the same old questions: why did you folks buy, what did you expect, in what time frame, and whats next. Wanted, expected it all in a few days of mine reopening? Maybe you were unrealistic in your time frames, still maybe not.
I do not have these problems. Why? Because I have bought based on my own dd, which says to me this: over the next months or maybe even a year I have a great chance here to make a very good return. But certainly not guaranteed, and certainly not necessarily within days, or even weeks, but maybe so. I do not know when the value asserts in full, what I have seen in the past is that IT DOES. Nice sooner than later, what else is new.
People who actually freak out about a few days action, I have found, are not realistic, usually trade emotionaly, and do not often even know what they actually believe or better know about their investment. Thus they get washed out, as any volatility makes them not believe in themselves, again usually due to lack of a foundation to rest their investment on. This in itself lends itself to market traders taking advantage, as they will short such situation on a spike up, because they know there are plenty of late comers who will panic short term when hit with selling. Over time, guess what. If the stock has the value (I believe its 10+ within months) it will assert. In between, anything can occur. That is the stock market. As I keep saying: the easy days are over: if it looks too easy be prepared to get surprised, which is why dd is so important. imo but do your own to really believe or not in any given situation.