11:50 am Pacific
It’s another negative day on the markets but as the fear level rises, so too does our bullishness. At the very least, this is not a good time to panic and dump your Gold stocks into oversold conditions. As of 11:50 am Pacific, the CDNX is off 31 points to 1928, the TSX Gold Index is down 5 points to 363 while the HUI is 8 points lower at 510.
Thanks for the interesting chart and explanations, John. Have a good weekend! 🙂
Comment by Andrew — June 10, 2011 @ 11:06 am
For what it’s worth, i want to show support for the BMR group. Charting small penny stocks, in particular under
0.50 is difficult, especially with all the goings’ on in the world & once the goings’ on, goes on, there are varmints
out there, who are willing to take advantage, by trying to drive whatever they can down. Things will turn around
because it’s how the system works. The varmints, who have their pockets’ full of cash, load up during difficult times,
while we the lowly folks watch & find that our pockets are empty, aa we used our cash buying from the varmints
at higher prices. It’s difficult to really succeed at this game because we are never in the know. Investor Relation
services are not usually reliable, if they don’t lie, for sure they exaggerate, so we rely on BMR, an independent
group, who are trying their best, but when things’ settle down & the market returns to normal, BMR calls will
once again make our pockets jingle.
Comment by Bert — June 10, 2011 @ 4:08 pm