RE: RE: RE: RE: so "Why, why, why is this such a dog now?"
This is tough to answer. I am appalled that this stock is at these prices. Gold on the COMEX was purposely taken down today. There is absolutely no question on this. Anyone who believes otherwise is completely clueless. In an environment of near zero interest rates, trillion dollar deficits, trillion dollar war chests to support a soverign bond market no one wants and printing around the world by central banks everywhere, gold should be rising; not falling. And it will. Note that today's smack down on gold occurred right after the weekly close for the COT report. So, we won't see how big the increase in the short position was until next Friday. But between tomorrow and next Tuesday, you can be sure that a good portion of this short position will be cleared so that the report doesn't look as bad as it otherwise would. That means gold will move up again. As for SBB stock, since its poor performance defies conventional explanation, perhaps more is at work here. And this is pure speculation. Could it be that the same bullion banks that are shorting gold are also shorting stocks like SBB? Its easy enough to do, trouble is, I don't know enough about how the brokerage firms do their bookkeeping and reporting to know how something like this could be hidden. That said, they are adept at manipulating the market and clever at hiding their tracks. Things are in a much bigger mess than most realize.