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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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To: The1Stockman who wrote (1647)3/27/2014 11:28:33 AM
From: Robov  Read Replies (1) of 1954
 
Won't be pretty either way. I like to think we are in a little better position here in Canada. Our government has been some what more fiscally responsible and we have not even come close to the police state mentality that has become the USSA, home of the once proud and free.
Regarding the miners I've mentioned in the past that, of course, that there is a buyer for every seller. One massive drops such as we've seen across much of the sector one has to wonder if the buyers are the institutions just buying so that they can then sell heavily into every rally attempt. This is the how JPM operates and controls the gold and silver market game. Sell and short on every move higher will drawing in the momentum chasing Specs and then when they have a sufficient number of sheep they launch their HFT algos which create these massive waterfall declines thereby running the stops further adding fuel to the fire and as I've said again and again. Wash, rinse, repeat. Absolutely nothing has changed, except maybe the reality that China and the East continue to take advantage of the artificially low fire sale paper prices and have intensified and increased their physical consumption of gold. Yet none of this intense demand is reflected in any way shape or form based on the supposed law of supply and demand as it pertains to price.
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