dumping in the slope of hope, page-4

Silly behaviour by a spooked market. I mean seriously whats centro and the US got to do with mining in any direct sence.

Sure commodity prices could pull back a little on demand changes if the US slips into a recession, sure borrowed funds are becoming more expensive however generally this effects the miners less as many fund from the market and via placements. Possibly future funding via the market/placements could become harder to procure as rates rise and investors expect higher returnes but this does not explain the volatility yesterday and throughout November.

So from where I sit, hold and ride it out or sell with a view to buying more at a lower price. Fundamentally, the origional reasons for buying remain valid so its not a sell and run for me.

No one likes to see the value of their holdings drop but if you are mid/long term, its no issue. If short term, well its a big problem so guess many will continue to dump today and the rest of the week as stop losses kick in.

Some pre-xmas news would be good of course but I expect the price to stabalise the remainder of this week then go to sleep until the next ann or the new year when things may settle in the US.

Good luck all
Gus :)