the worm has turned, page-55

Good post nk.

A friend of mine panicked out of SLR last Tuesday morning straight after receiving an e-mail from another friend mentioning a broker's report saying SLR was a "sell" and targeting "70 cents."

The justification for panicking out was:

That 70 cents would become self fulfilling in our market PLUS as IGR was the initial investment it was a mistake to stay in SLR after IGR was taken over by SLR.

Refusing to realise that the merger has produced a much better company than the two separate companies, with amongst the numerous benefits being substantial cost savings.

This is the sort of market we are in.

No rationality.

Folks who are losing heavily selling out of white eyed panicked fear because they think their smashed gold equities will just keep going down.

That there's no end in sight to the selling. That gold shares must keep falling.

This has all the signs of a major market bottom capitulation imo.