RE: RE: How low can you go? I agree with you're comment on the strange behaviour of this market. It feels like 2008, only exclusively limited to the gold sector. But 2008 at least made sense from a macro-economic point of view. The brutal selling in the golds against a gold price that's still solidly in an uptrend is really hard to explain, other than as a self-fueling trend. Really does illustrate again, though, how dangerous it is to try and call a bottom or catch a falling knife.
Slightly off-topic but I've always really felt that the 3x leveraged funds (and even the 2x leveraged funds) were the equivalent of midway games - rigged scams to relieve suckers of their money. However, there's a 3x leveraged gold stock bear fund (DUST) that, if the gold stocks continue performing as they have been (ie straight down uninterrupted) is headed for the moon. Given that these funds are designed (IMHO) to fleece retail speculators, there should be a turn in the gold stocks,if only to break the performance of DUST. But hey, maybe this time is different and the universal hatred of all things gold-mining related will make a small number of DUST holders rich
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I think the problem with the Jr's right now is .. people would rather buy at ETF than a Jr direct this is IMO . doing the most damage to gold Jr's .. and I am seeing it more and more.. and as curve would say the dudes on the tubes are telling ma's and pa's why buy a Jr.. dry holes.. armies.. lack of money.. rain.. etc etc .. when you can buy a ETF ??