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Stay true guys American hedge funds have sent gold and silver juniors crashing down, this is a small part of a letter from the director of macmin a silver producer this has happened to a lot of the juniors,
One reason for the share price weakness is that one or more New York based hedge funds who own shares in Macmin have been selling to meet redemptions – they are caught up in the world credit crunch and must raise capital. There is nothing we can do about it
We might see a little more selling as the markets crash and then its off to the moon.
