Today is a great day, a perfect day in fact, to study the price of gold and understand what gold is and why it moves the way that it does. If you're long a bunch of miners and are hurting don't fret about that. Look at spot gold, look at the dollar, look at the US T-bonds, look at the broader markets...and think. Get all that noise and rubbish written by the permabulls out of your head...all that crap and nonsense available free of charge over at kitco. Look for yourself and think about it.
Lucas at Trend and Value understands gold, that's why I link to him.
Gary at Biiwii understands gold and holds bullion in much the same way as your humble correspondent does. That's why I link to him.
Mickey Fulp at Mercenary Geologist understands gold cos he's been helping to dig the stuff out of the ground half his life. That's why I link to him.
Permabull, to-da-moon, conspiracy theory, fiat-hating gunslinging fools that tell you to buy!buy !!buy!!! and get you 100% out of cash, then on days like this tell you "Hey, listen up my worshipping flock, it's a great day to buy this dip!!!".....those people do not understand gold. I do not link to them.
Cosan (CZZ) up 4.4% at $2.61 and making me think (erroneously) that I'm suddenly smart and can time the market after all. Down ego, down! Hollowflexible is the way forward. I hold quite a lot and I like even more.
Fortuna Silver (FVI.v) down 9.8% at $0.83 and is in the right place to buy in my opinion. So I bought a few...not many.....to add to the bunch at $0.85 the other day. Before really opening the wallet I'd like to see just how far this broad market rally takes itself. Worth remembering that FVI.v still benefits from the Zn and Pb rally even though 2/3rds of BM production is hedged until end June.
Nadagold (NG) down 7% at U$2.36 and proving that every cloud has a silver lining. I'm not short any more but that's ok...this snarky shoutout is just for the sake of justice. Hateful stock run by licenced bandits.
Troy Resources (TRY.to) refuses to break a loonie to the downside. It screams underlying strength and should be welcomed, but I'm all greedy and want some more on a downspike first.