Loading ...I know and agree. I just track the HUI, and simply to gauge where the metals may be going. The shares decimated me, the gains I’ve made in the metals over the years are not even close to the losses I’ve taken in the shares, easily wiping those gains out plus some.
I saw Eloro yesterday and had added it to my watch list when you mentioned it before, same with Lion One. Both of them like so many others have performed terribly. AG is almost a large cap, and it has been decimated as well, although they can blame themselves for that. I wish I had the answer to when they will perform, I don’t have a clue what it will take. There’s clearly no interest in the pm mining sector, even the big boys like RIO and BHP haven’t done anything.
The HUI as well. Here we sit at 287 hoping it holds 285, when it was over 600 in 2006! Can’t say that about any other index.
The frustrating thing is having to watch these endless corrections that come out of nowhere after we’ve had a little bit of strength. Even today, the SM is set to open higher and will at least initially, wipe out all the losses it had on Monday. PM’s of course, have nowhere near recovered the losses, silver is still down $1.50 on the week, gold around $50. The HUI hasn’t either, and won’t come close unless the SM continues to move up.
The manipulation and corruption is even more blatant than ever and just like our government, they don’t even try to hide it anymore.
This sector is a loser until it’s not. I so wish we had realized that 15 years ago.