The GDX slides 1.7% following Goldcorp's (GG -8.5%) cut in production guidance. Other miners:...

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Moon Kil Woong Comments (8822)
 
Strangely production cuts may lead to a resurgent gold price that can be a positive. If only copper producers cut back production, then their glut problems may be relieved as well.
12 Jul 2012, 12:03 AM Reply Like

doubleguns Comments (6654)
 
Agree Moon, The solution to the manipulation is to cut off the supply. Govt/bankers can not manipulate this if there is none on the market. They can essentially take their gold and go home for a couple of weeks.

Lets see how that turns out. I am thinking well.
12 Jul 2012, 07:43 AM Reply Like

sean.parmelee Comments (790)
 
Buy the dip
12 Jul 2012, 01:07 PM Reply Like