RE: RE: RE: RE: GOLDYes, SMF is frustrating because of the manipulators have their feet on its throat all the time. That's the reason I sold 60% of my SMF position so far. If I don't have to worry about paying the capital gain taxes, I would have sold the whole damn thing already. What's happening to this stock is a crime, the way that SP has been so blatantly manipulated.
The sharp drop in the price of gold today is a big tip off that tomorrow Bernanke will announce something similar to QE3 in which the U.S. would print more money to stimulate the economy. It always happens when some event will cause the U.S dollar to fall, the Fed and its cronies have always soften up the price of gold first. I have been in the market long enough to see this coming. Just watch this happens tomorrow.
Unfortunately the real victims are the gold stock holders. We never benefitted from the rise in the price of gold and yet when the POG nose dives, it always take the stock price down with it. We are the perenial collateral damage!