InvestorsHub Logo
Followers 399
Posts 86391
Boards Moderated 2
Alias Born 02/05/2004

Re: ListenToMe post# 391079

Monday, 08/21/2017 5:12:41 PM

Monday, August 21, 2017 5:12:41 PM

Post# of 642222
I dont think the question is what gold will do. I think the question is what will mining stocks do. Mining stocks are just not following the metals. I mean the break of $1300 the other day should of seen a much bigger feeding fenzy IMO. Instead it was a crapfest. Not to mention that gold gave back all its gains by the end of the day. I sold all my gold stocks due to just that. Here is the thing that is starting to scare me. If gold runs up 20 points out the gate tomorrow many of the mining stocks will be lucky to see a 8-10% gain. Now what do you think happens to the mining stocks if gold drops $20 out the gate. Many of them will give up 10-15% in a flash. That is not exactly a very balanced risk from the looks of it. I still feel gold can go up for sue but starting to wonder if miners will follow the metal any time soon.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.