RE:Gold Price Goes Up, SBB Goes UpI'd say you ain't wrong. Flippers,traders,speculators, which includes long and shorts, don't follow logical fundamental rationale.
Mack100 wrote: Another thing that drives me crazy (among several things) with the movement on SBB is that it goes up 10% on a day when gold is up, probably for that resaon alone, even though it isn't going to be producing gold for years to come. Whereas, even at current gold prices, SBB will, one day, be making a killing, but nobody has the foggiest idea of what the price will be when that day comes. I don't get why investors aren't looking at the fundamentals and trying to buy ahead of the laggards, rather than only buying on an up day for gold, which seems to me to be a completely meaningless reason for buying a stock that isn't producing anything. But again, all of that assumes people are rational and know what they are doing, or I am completely missing the logic (probably the latter!).