I don’t know what it means, other than they were trying to induce panic selling. Mission accomplished. Now they’ve either covered or picked up some shares at a nice discount.
If I looked at the price of the HUI right now, I would never expect the price of gold to be up at near $4200, would you?
PM’s have risen for a reason, hard to believe that reason ended overnight. But what do I know? 😉
One thing though, I literally can’t wait to see earnings, they probably won’t matter if the metals are down, but they should be blockbuster. I think NEM kicks us off on Thursday.
