Its crazy with gold at such highs. But maybe a big holder or two has been buying stock with borrowed money, and getting margin calls. Can't do it? Get sold up, at market. S'pose you could say it creates an unexpected opportunity. Buyers may be holding off to see how low it can go. from memory, when a crash happens, a lot of punters are geared and the gearing start to work against them instead of for them. Their capital evaporates at a very fast rate. So they bail to survive. This pushes even gold miners down. But it is temporary. When the desperates are gone, or going, there is a bargain window. I have been waiting for this for years. When everyone is behaving like headless chooks gold goes on a gallop and logic dictates gold miners are going to score some good results. So who has money to buy? The people who sold earlier at a higher price, and banked the proceeds of course. Everybody is going to want to own gold miners.
WGX Price at posting:
$1.77 Sentiment: Buy Disclosure: Held
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