Nook, I think you made the right decision at the time re 2.50 buy. I was shitty all weekend for not buying around that level because I really thought it would bounce 8 to 10% from there.
MMl also kept me out. Once it failed to gain traction from the 5.00 to 5.25 level I suspected the downtrend in gold stocks was not done.
But lets see, the stock market is set up to take money of 80% and give it to 20%. We are swimming in a sea of sharks here and gold and gold stocks are their favourite feeding territory.
Until inflation comes there may be no great reason to hold gold and the paper market is how many times bigger than the physical.
SLR Price at posting:
$2.42 Sentiment: None Disclosure: Not Held