Loading ...When Silver got above $18, technically that was a good sign. It even got up to $18.50. And all of a sudden its down to $17.79? -3.8%
Similar thing with Gold. It finally got above $1250 even up to $1260, and suddenly its down to $1232. -2.2%. Well? Maybe 3.8% and 2.2% lower isn’t so bad.
But the shares are WAY off the highs. On average 30% lower, but still about 20% over the Dec 23rd lows. So roughly speaking a 3% move in spot makes a 30% move in shares. A 10% move for each 1% move in spot. Its called leverage. On the value of the reserves still under the ground.