Don't anyone try and convince me our gold stocks, in common with gold stocks elsewhere such as the HUI are not being manipulated, manipulated more and then manipulated some more just for good measure.
There is absolutely no logical reason for gold shares to be taking a pounduing today following a solid rise in the gold price. Our gold index is now down 5% while gold has risen over US$50 to record nominal highs and also risen in Australian dollars
Needless to say, our sector leader Newcrest has been attacked on our market and is down, just as Newmont and Barrick were attacked on the HUI on Friday, despite gold's US$30 rise on Friday night.
Investors imo should NOT invest in any gold shares fund which has as part of its operating terms that the fund may loan out its shares.
These funds OPERATE AGAINST THEIR INVESTORS' INTERESTS by loaning out the fund's shares to shorters who attack the shares.
