SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 143.83-4.4%Jan 29 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KyrosL who wrote (63805)2/15/2001 9:22:44 PM
From: Square_Dealings  Read Replies (3) of 116931
 
Oh they manipulate the gold stocks alright. They get you from both ends. Watch em walk down the price of NEM on low volume like they've been doing for the last week.

Theres a lot of funny stuff that goes on with these stocks like:

1. Half the time the stock trades with the BID = ASK, a lot of shares are exchanged with the bid and ask the same. So evidently these are the only stocks in which the market maker doesnt care to make any spread.
PDG and ABX have seen as much of this as NEM in the last week.

2. The stocks get taken down on 100- 500 share trades all the time.

3. Intraday resistance and support levels are tested about 100 times before any move and you only find out for sure where they are going to end up at the end of the day. I mean you can almost never tell if the stock is going to close up even after what appears to be a decent run. And if any gold stock breaks out and closes above a previous resistance, or is set up to break out, then it is sold immediately the next day.

4. The media only reports bad news on gold mining stocks. And they time downgrades perfectly, like 3 hours before NEM reports that it beat expectations , LEH comes out and downgrades.
Just about every broker came out and slashed estimates from like +36c to - 18c for next year. Such bullshit.

The gold mining stocks are more than tough to trade and the only thing that makes it remotely possible is that the daily movements are typically small.

M.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News