Yes, thats all they got! I waited for the margin players to get flushed out and they have. Went long Barrick and Agnico just now. I do think both will have weaker earnings and could get hit again so only half a position. With miners, its always the same, they go up big and one must take pofits as levered players always get in on the top and get flushed. Is it bottom? not far IMO.
The problem is not gold. The problem is that the gold juniors are so crappy compared to it.
Sounds like a Ricardo Arjona song
Yes, thats all they got! I waited for the margin players to get flushed out and they have. Went long Barrick and Agnico just now. I do think both will have weaker earnings and could get hit again so only half a position. With miners, its always the same, they go up big and one must take pofits as levered players always get in on the top and get flushed. Is it bottom? not far IMO.