Loading ...The move down in the shares is just ridiculous with gold still above $4K and silver $50.
I guess getting pulled down with the broad market some, but I suspect it’s something more sinister. I’d say the word is probably out among the scum that the metals are about to get flushed big time and the folks with the inside knowledge are frontrunning it by selling the shares.
I mean the HUI is down 5% with the DOW down less than 1% and the QQQ’s less than 2%. That doesn’t make a lot of sense to me with gold down $10?
The whole sector has looked a lot like the old days for the last month. My best guess is that the metals will get slammed into the weekend and the shares (HUI) will probably re-test the recent lows.
Geez, gold is now up $5 while I’ve typed, and the HUI is still down 4%.
Non-sensical.