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

The GDX slides 1.7% following Goldcorp's (GG -8.5%) cut in production guidance. Other miners: Yamana (AUY -1.5%, Kincross (KGC -0.9%, Agnico-Eagle (AEM -0.7%), Newmont (NEM -1%).
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Comments (3)
  • Moon Kil Woong
    , contributor
    Comments (11474) | Send Message
     
    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
    , contributor
    Comments (8499) | Send Message
     
    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
    , contributor
    Comments (790) | Send Message
     
    Buy the dip
    12 Jul 2012, 01:07 PM Reply Like
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