Bought some RSG this afternoon after taking profit at 58c a short time ago, it feels ok to me to buy a few beaten up Gold stocks on the dips at the moment.
I have same question, is that extensive shorting or sentiment? if sentiment you might want to have a look at the 4.18% drop on the NIKKEI today, the inflation starting to get a grip in Japan, Japan / China island arguments, the crashing BRIC currencies as money floods back into the US and the fact that the DOW just had its 7th triple digit drop for the year.
I know Golds supposed to be going south for the year but it feels like a good time to pick up some small Gold stocks that have been beaten up and have low production costs, so I'll buy the dips and see what happens.
DYOR, I make things up.
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