gold, page-101012

The price of gold is pretty stagnant, but gold miners are tanking, big time.

I suspect it's punters losing their patience and cashing out before they sustain more eye-watering losses. I keep reading that punters are 'backing the truck up' because it's all so cheap. They might think it's cheap but others obviously don't.

Many gold miners and indices are approaching a support level, if it breaks below, there could be a lot more losses.

Here's an example, the XGD.