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To: kimberley who wrote (59454)	2/27/2020 3:23:51 PM
From: Horgad	Respond to of 60918

Ive been watching the general market, the PM miners, and gold tick by tick over the last couple of days. The miners are being influenced by both, but clearly the general market influence is winning. The miners are not being considered a safe haven. In the past, this has meant that the miners WILL continue down until the crash is over. Afterwards they should be amongst the first to recover and should continue to outperform for a good while. The million dollar question though is when is the crash over...

To: kimberley who wrote (59454)	2/27/2020 3:26:27 PM
From: benwood	1 Recommendation Recommended By kimberley Read Replies (1) \| Respond to of 60918

Often, a rebound in the overall market will see a sell off in miners and pms. After all these down days, is that what's being presaged? Margin levels were incredibly high recently... baby/bathwater comes to mind.

To: kimberley who wrote (59454)	2/27/2020 4:01:45 PM
From: gold$10k	1 Recommendation Recommended By Rollocaster Respond to of 60918

I agree with Horgad and benwood on the miners. This is typical for the current situation. Although GDX et al are related to gold, they are stocks... and will fall with the rest of the stocks. As somebody wrote long ago, when they raid the red-light district, even the piano player goes in the paddy wagon. As for gold, typically it will retreat to strong support... but will that be $1550 or $1350? The current short-term trading range could still surprise us with a breakout above $1660, but I do not believe that the selling is as innocent as "Dow margin calls" or "when the market is going down you sell what you can".

To: kimberley who wrote (59454)	2/27/2020 4:24:19 PM
From: Pianoman1997	1 Recommendation Recommended By kimberley Read Replies (3) \| Respond to of 60918

If history repeats itself, then miners came down hard in 2009, as severely as the market. But they rebounded furiously. I am sure that there are differences with the situation now but maybe we'll witness the same thing when rates come down further (not much room for this) and QE comes in full gear (some may argue it already started since Fall 2019).

To: kimberley who wrote (59454)	2/27/2020 8:49:13 PM
From: orkrious	7 Recommendations Recommended By benwood bull_dozer ggersh kimberley Reilly Diefenbach and 2 more members Read Replies (3) \| Respond to of 60918

It is only worth what you paid for it, and I know “this time is different” are dangerous words, but I do think this time is different. Miners have been sold because that’s their history...they are stocks and go down with other stocks. But we live in different times. Gold is at multi-year highs and oil is dropping like a rock. Miner margins have to be headed up like a teenage boy getting some action.. Our global financial system is bankrupt. The coronavirus is going to cause massive disruptions. World CBs are going to be cranking up the presses soon. I don’t think gold is going to get whacked. It is more likely to soar and take the miners with it once the knee-jerk reaction proves illusory.

To: kimberley who wrote (59454)	2/28/2020 9:20:26 AM
From: Mike M2	2 Recommendations Recommended By benwood kimberley Read Replies (1) \| Respond to of 60918

I wasn't following markets in 1987 but fall 2008 everything got sold including gold stocks - margin calls. I recall Goldcorp $40 late august October 23 +/- traded 13 5/8 but mid December back to $27. My thoughts gold stocks going down more but will be first to recover after central banks implement QE to infinity on steroids. former Fed Chair Yellen floated the idea of the Fed buying stocks - they will probably do so either directly or by loaning money to banks and hedge funds to buy stocks. I bought NUGT yesterday $31.8 will probably bail today. physical gold and silver are the space to be in whatever the FIAT price