Well, what happened today?This market is so weird!
I was hiding at home waiting for the SMF SP to take another pounding and guess what, it went up instead! Together with its "brother in distress" - IMG - on the same day that most of us expected another round of slaughter.
Do I dare to dream that shorts are starting to cover on both companies? The volume tells me it's likely not. Or is this just a case of the manipulators playing with our minds? The strange thing of course is the price of gold is approaching $1,500 and virtually all gold stocks are having a down day - except SMF and IMG.
Can someone please tell me how this market works? Does the term "fundamental" still mean anything in this game?