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matt24d

02/04/14 4:18 PM

#297102 RE: NYBob #297099

The bottom line with Mining stocks and the actual metals is they need speculation to have huge moves. That is what caused the metal plays to move big back in 08-09 it was not due to true demand in metals. They were all driven higher on speculation in the markets. They are no differenct then any tech play or oil and gas play. If the speculation comes back into these plays they can move higher with out it they will just drift up and down on a daily basis. I mean look at how most of these mining stocks run the last year. Gold up $20 an ounce and they head up a tad if anything for the day. Gold down $20 on the day and the moves down are bigger. Most of these mining stocks need 15-1700 an ounce to really get start turning a profit. I mean hell I have looked at a few just this week that has a cost of 1100-1200 just to get it out of the ground. At these prices they are loosing money or making very little. So like I said if gold does not get the speculators back we are not going to see any huge moves in the metal or the mining stocks. If you get those guys back then you could be on to something.