Lake Shore Gold Corporation (LSG)

[jsc52033]

Yes I am green in this one. IMO the reason for the long slide in gold was the drop in the price of oil.
Oil producing countries invest heavily in things when they are making a surplus. Those often are Gold and silver, US and some foreign government bonds, Also securities ie stocks in major markets.

When they had excess income they also increased the government expenses. As income dropped they
needed revenue to maintain that life style for their countries Hence they first sold what ever was the most liquid. That was PM's. Looks like they have reached a point where the liquidity to them in PM's has passed. We saw foreign markets in stocks get hit early last year and a slow steady decline followed. Now the US stock market gets its turn, next will be the selling of their us treasury holdings.

2016 is not going to be a nice year for many people. AS it gets worse expect to see riots. 2017
may also have a rough time unemployment will be increasing as the governments have little they are willing to do to correct the mess created over the past 8 years. No business is to big to fail. GM Chrysler and banks should have gone under. There was a demand for x number of cars. The physical plants would have been acquired by more efficient management, labor rates would have been more in line with the world and the banks would have been replaced with better managers. Now we still have inefficient managers and excessive labor rates to compare to the world. JMO