WHAT'S CAUSING THE SELLING?It's not just MMG that is clobbered by share depreciation. Most precious mining stocks are currently suffering a similar fate. Check out what is happening to NFG.
It most likely has to do with year-end tax selling. U.S. markets have had a phenomenal year, and mining stocks are the easiest target to bring down tax costs.
While the selling will likely continue for a few more weeks, get ready for a big recovery by Christmas and into the new year. Those adding to their positions next month should benefit handsomely.