TSX:LSG.DB - Post by User
Comment by
davgroon Dec 10, 2014 4:26pm
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Post# 23216749
RE:Really hard to understand
RE:Really hard to understandgoldclrglasses wrote: How gold can be up over $30 one day and we gain 5 cents, and down $3 the next an down 4 cents. What will it take to gain some upward momentum!?!? It would sure help if people stopped selling their f'in shares for .90 cents when gold is holding well above $1200.
What you are seeing in regards to share price is tax loss selling season i.e. more sellers than buyers (nothing more than that). Fund managers are dressing up their year-end portfolios.
Same thing happenned last year with the precious metal stocks and we started to see large gains in 1st quarter of 2014.
Between 2:30 and 3:00 PM today there was a large sell-off on most gold miners as someone dumped a lot of shares of these companies. Most gold stocks were positive up until that point. I watched it happen in real time and it wasn't the price of gold that triggered it.