What the %^$& is going on today? Silver falls 5% in the Comex market, and is now down 10% in the Asian market.
Yet MacMin is up a healthy 5-10% in todays ASX, with nearly 2M shares traded.
Last night on the DEX, Macmin was up 30%, so somebody obviously liked the bar charts of MMN's silver sales. But today's horrible selling down of the metal should have hit MMN like a 10kg bar slammed into the gut.
At this stage, we're looking at a major take-down of precious metals. It could be a horrible night (for us) when Wall St finished the job that started in Asia today.
Next week could see a bottom in MMN shares and PMs. As for now, I'm just too nervous to pick up either stock or bullion until everything settles down.
MMN
macmin silver ltd
What the %^$& is going on today? Silver falls 5% in the Comex...
Add to My Watchlist
What is My Watchlist?