What the %^$& is going on today? Silver falls 5% in the Comex market, and is now down 10% in the Asian market.
Yet MacMin is up a healthy 5-10% in todays ASX, with nearly 2M shares traded.
Last night on the DEX, Macmin was up 30%, so somebody obviously liked the bar charts of MMN's silver sales. But today's horrible selling down of the metal should have hit MMN like a 10kg bar slammed into the gut.
At this stage, we're looking at a major take-down of precious metals. It could be a horrible night (for us) when Wall St finished the job that started in Asia today.
Next week could see a bottom in MMN shares and PMs. As for now, I'm just too nervous to pick up either stock or bullion until everything settles down.
MMN
macmin silver ltd
mmn not reflecting todays silver plunge
Add to My Watchlist
What is My Watchlist?