(WGDFF.OB), US Gold (UXG), Crystallex (KRY), and Agnico-Eagle (AEM) are off almost 10% today, yet gold futures were only off slightly. We’ll find out soon whether it was a fund liquidation or, as James Sinclair has posited, OTC derivatives blowing up. I have cut my gold exposure considerably but still own some Goldenstar Resources (GSS), a little Crystallex, and a few other small positions.
DISCLOSURE: Long GSS, KRY, CHCG.OB.
CHCG.OB / GSS / KRY 1-year chart