Lots of explanations going around such as precious metals being liquidated to free up funds for Alibaba float:
http://www.zerohedge.com/news/2014-...dated-make-room-alibaba-silver-four-year-lows
and Japan:
http://www.zerohedge.com/news/2014-09-18/fx-markets-turmoil-scottish-vote-japan-economic-downgrade
or perhaps more likely FED to wind back stimulus and look at increasing interest rates:
http://www.geelongadvertiser.com.au...nd-heading-lower/story-fnjbnvtc-1227064132549
Watch costs and debt in the current environment for Gold producers, this may get worse yet.
DYOR...because nobody else will.
Lots of explanations going around such as precious metals being...
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53.0¢ |
Change
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Mkt cap ! $1.128B | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 54.5¢ | 52.0¢ | $13.30M | 25.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 280119 | 52.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 1254766 | 3 |
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