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Funny thing today....
S&P and Q are puking hardcore - down over 1.5%, pretty good for recent memory.
And yet? And yet?
Silver's up. Gold's up. Even GDXJ is up.
All due to a spike around lunchtime. I guess the Europeans are fleeing into gold now? What else could the answer be?
Now, do you think the miners will be able to continue to go up while liquidity collapses and the stock exchanges fall to bits as Spain and Italy implode and the European banking system tumbles into a smoking fetid ruin?
Or will the miners do this?:
I guess that's the question, isn't it?
They already hurled, could be dry heaves until the sector is good and sold out though. REAL PRICE OF GOLD my man. RPG!
ReplyDeleteBreaking...Gary Biiwii reco's Ram Power (RPG.to)....developing....
ReplyDeleteWell, he *IS* a bottom-feeder, and RPG's down 90%. Looks legit to me.
ReplyDeleteBTW, how much cash is in the bank at Batero? Maybe we can get him to pick that one up too.... :-)