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s.laycock

s.laycock
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  • Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%[View news story]
    With everything happening, I just wonder why prices can drop if Germany is owed 3,400 tons of gold!?
    May 18 09:52 AM | Likes Like |Link to Comment
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