Not much, I think. Down 25% this week is severe, but really it...

Not much, I think. Down 25% this week is severe, but really it could mean one of several things.
1. Most likely - some holders believe the permit delay will continue. And of course it may, I have waited for ages for permits in other Latin American countries. But it may not!!!
2. Some holders have over exposed themselves to this, because of the obvious upside - now they want to rebalance or put a cash component into their portfolio.
3. Some might expect a market nosedive. [Trump only wants to "Make America Great Again" he won't trash world markets]

I am not selling - the reward sum is far too great to contemplate that - and looking at that spike down, it is a tempting buy.

I read this quote this morning.
“We are constructive on base metals mainly because we think a lot of the negative news have been priced and the valuation is attractive,” said Shan, the Goldman Sachs strategist.