Welcome to the Free African Gold Group Hub on Agoracom
Hub Controls
  • Demo Video
  • Upload Photo
  • Edit Company Profile
  • Add a Link
  • Update Fast Facts
  • Add Management Bios
  • Private Messages
  • Edit My Profile
  • View/Edit My Portfolio
African Gold Group > Message
Nevadagold

Re: Chart Painting 101

Posted by: nevadagold on July 25, 2008 09:45AM

In response to: Chart Painting 101 by teedot

The junior market in precious metals is the worst I have seen it since I began investing in this sector back in early 2002. The trading in these stocks that are supposed to benefit from an increase in the actual price of the commodity are doing the opposite.

Are the bank stocks going up because their fundamentals bad? No, their fundamentals are terrible and they are going down, gold and silver are in major uptrends and the trading in them is absolutely attrocious, what does this tell you. It isn't the lack of interest, it is the institutions that are shorting them into ablivion because they now they are up against klnowledgeable but undercapitalized retail investors.

They will do what they do to make money until the tide turns agains them, when that is is anyones guess. Until then enjoy being right but poor.

Post a Reply

Please login to reply to this message.

President's D.D.

New feature: Hub Presidents can add important links here.