RE: RE: Re ... R S IThe majority of gold stocks have been down for the last few days in spite of gold trading near a record.
2 of 34 gold stocks on the TSX gold index are up on Monday and 5 of 34 on Tuesday.
The price of gold closed at $1507 on Friday and is currently at $1506 yet most gold stocks are trading negative.
SMF is turning a big profit daily. Next earnings report should show cash in bank at $1.00 per share.
I'm sure it's held in a bank somewhere other than West Africa.
Patience is required in the gold sector. This isn't a spec anymore. Hard to hold on during a roller coaster ride but the asset is there.
Wes