A time to shore up for the next rise forwardI took advantage of falling prices today by buying more shares. Most gold stocks are temporarily paralyzed as investors dump miner shares to cover other losses as explained below from a Yahoo finanace eldorado investor;
52 minutes ago
Looks like we may have to put up with a few more gold selloffs as the market shakes. Whats happening is big funds and retail investors are selling everything to prevent huge losses. Selling can be anything from precious metal assets to cover margin debts, to selling ETFs which may include mining companies and precious metal producers. As the market flies to liquidity, it wont be long until that liquidity is re-positioned in safe haven assets. Consider these market actions as the trough before the wave bushing precious metals much higher..
Added to that the amount of shorters and flighty speculators that dabble in Eldorado is just toooooo much. Cheers to all patient investors as we soon will rise in share price above the panic.