RE: RE: RE: RE: Avr, the rest of the year? you think only VTR and AVR are down. All Gold co.s are getting killed without prisoners.
This makes me believe a sector rotation is being created by the elite at the perfect time as gold prices heading south, Europe crisis is causing people to turn to USD (normally this would cause gold to move higher because of safe haven, not this time), high cost of producing gold by miners, dilution of stock, etc etc......
I believe lot of dumb CEO's especially in the juniors who have no idea how to run a gold business. Too many juniors who dilute shares and mismanage their finances. I can't believe the high costs to produce gold that show on financial statements that were previouly predicted by these co.s that were 20-40% lower. Those are big chunks of profit subtracted from earnings.
When was last time gold shot $25. Long time ago.
Only thing we have left is next QE3 as sentiment is very negative for gold and gold co.s for a long while now.
If your a gold co. with negative news, be it minor like spitting on someones shoes, and mm's will crusify you in this bear gold and bear stock markets.