Loading ...HGR 10
10!
How low can it go ?
How about the XGR
a 20 Year Bear Market !
I was participation in PMs in 1995
That was quite a ride for a year or 2
Junior miners went nucken futz
Who knew…that was the top in PM stocks vs Gold
I heard from all the usual suspects that Gold Stocks were the leveraged place to be during a Gold Bull
They would go up 3 to 5 Times faster than Gold !
I swallowed the koolaide
BUT this hangover is generational
unfreajingbeleivable
What happens when there are NO more support levels of any kind !
Uncharted Waters takes on a whole new meaning
sheesh
Truly unbelievable. And this is in the face of ZIRP and QE. Markets are truly proficient in defying all logic. This is getting stupid. The gold mining business is a joke now. People are going to start laughing at mining CEOs as if they are just the heads of pretend companies. It’s actually getting a little embarrassing to recommend gold stocks to people.
I hadn’t looked at xau recently, holy crap! its low was 4 stinkin points above the 2001 low at 250 gold, wtf really???