SMM 0.00% 0.3¢ somerset minerals limited

There is absolutely no logic should TMR and other gold stocks...

  1. 24,765 Posts.
    There is absolutely no logic should TMR and other gold stocks fall today. I believe most sellers will end up regretting their decisions to bail out of gold stocks because precisely the conditions that lead to a soaring gold price are developing.

    TMR has control over millions of ounces of gold.

    Have a look at the state of the US economy.

    For example, sub prime bushfires are breaking out left, right and centre.

    There is absolutely NO WAY the Fed can raise US interest rates without causing a complete collapse in housing and more sub prime and loan delinquencies.

    The US dollar is again sharply down today. The US dollar is teetering, threatening to fall decisively below key multi decade support and lows of 80 on the US dollar Index and to stay there.

    In such a developing scenario it is only a matter of time before gold shares will decouple from the general stockmarket.

    Read the following ... there are funds imo that want to take a big position in gold stocks. Because these stocks are very tight compared to your Google, Microsoft, leading financials etc. they are doing all they can to panic shareholders out (you know, get them to give up and believe that gold shares won't even rise when gold jumps) and then to acquire their shares:

    "If you push the price of a situation or metal down, the fear emotion takes hold of the bullion or stockholders who panic. There has been a huge hedge fund play against gold shares using the human emotion of fear as their key tool. Even today it is still taking place."

    Jim Sinclair, Friday at http://www.jsmineset.com/home.asp
 
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Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $3.092M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $4.222K 1.407M

Buyers (Bids)

No. Vol. Price($)
19 16275000 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 1304545 3
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Last trade - 10.08am 08/08/2024 (20 minute delay) ?
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