Typical Wall Street...gold mining company announces significant new discoveries at TWO mines and the stock drops. The stock market is completely crooked. It's total.
Typical Wall Street...gold mining company announces significant new discoveries at TWO mines and the stock drops. The stock market is completely crooked. It’s total.
Not true, Grasshopper...buy on rumor, sell on news.
Also, supply and demand. Now, that said, actual supply around the world is unknown and as is demand, Swiss rejected gold standard, Russia was buying a lot, but their Ruble collapsed, our COMEX and CFTC are indeed corrupt with Morgan Stanley and the like, but...still, buy on rumor, sell on news is still a law. Look at the past 5 trading days for AUY...drops each day...why? Mining stocks are a secondary market for precious metals and commodities...Gold has been dropping...AUY is guilty by association...after the discovery announcement, it dropped .25...not a lot.
Smart money always is favored and wins, “Wall Street”, but if you learn from them, factor them in, you can win, too.