Loading ...Whenever something really bad is about to hit the system, one of the first places it manifests is with an unexplainable raid on the mining stocks. I thumbed through the news announcements of every single component of the HUI index and could not find any news reports that would have triggered a 6% hit on the HUI. Some of the biggest stocks, like BVN, Kinross and Newmont are down 7-10%. Unexplainably down.
This could lead to a big attack on gold/silver, so brace yourself. It won’t last and anyone who sells into it out of fear will regret doing so in 3-6 months.