Thursday, 16 August 2007

Never seen anything like it before in PM stocks!

As long as you're not margined it will be possible to wait this out. The HUI fall to around 285, down by 30+ points (around 10%) and has retested this low. I like Docky's metaphorical view of how the big money is selling the PM sector:

"DOW down a lousy 200 points
-> Posted by docky @ 12:40 pm on August 16, 2007 (at Goldtent)
They are stripping the rafters, siding, and even part of the roof off the PM sector before they turn to the big money and sell it and us into a Depression. The DOW slaughter has to come next…Sheesh - there’s still 3 1/2 hours left of this hacking."

Never seen anything like it!

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I teach Film, Media and English Lit.