Friday 28/1 Equities

[TabJockey]

Just like to let all those out there that are not in precious metal equities know, that it was a bloodbath today. Most of what I can see was down 10-12%. Red day for the market sure, but stocks like PRU, CCU, GDO, NAV, NCM were hit hard.

Just putting that out there.

 

[tothemax6]

Just like to let all those out there that are not in precious metal equities know, that it was a bloodbath today. Most of what I can see was down 10-12%. Red day for the market sure, but stocks like PRU, CCU, GDO, NAV, NCM were hit hard.

Just putting that out there.

Aye, gold and silver spot prices are plummeting. It appears some people are convinced that the gold/silver bubble is about to implode, even though Bernanke has made it clear that the USD will remain super-loose. Do not hold, but keenly awaiting a good price.

 

[skyQuake]

There was a decent reversal forming in the goldies/other miners, midweek; There was quite a bit of brokering on that story.
I suspect today was the washout of those that tried to pick the low.

 

[RandR]

Aye, gold and silver spot prices are plummeting. It appears some people are convinced that the gold/silver bubble is about to implode, even though Bernanke has made it clear that the USD will remain super-loose. Do not hold, but keenly awaiting a good price.

I think gold and silver could both be very volatile in 2011, depending on events they might either reach for the heavens or fall crashing back to earth.

Which way it goes is not a bet im willing to make.