MOY 0.00% 5.1¢ millennium minerals limited

@Newbegining This is exactly I was worried about since last few...

  1. 949 Posts.
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    @Newbegining


    This is exactly I was worried about since last few days.
    Now the waterfall moment is here. No one knows for sure how long will it last.
    My memories from NOV-DEC are heart breaking. I watched in pain all my profits and capital vanish.
    Gold is still above 1250. Amazing.
    GDX, GDXJ, HUI including all miners in US got butchered.
    GDXJ 9.58 % down and gold price hasn't moved yet. What if Gold starts collapsing.
    I have never seen that sort of fall in one day in the last 2-3 years.
    When the sector gets hit, no one is spared. MOY is holding very strong so far.

    Those beautiful charts are not helping at the moment. All the waves up & down making me sick.
    I can't believe my MOY position is underwater now.

    What is your opinion @Newbegining. You are the boss.

    Extremely worried here. Something is not right.
    Either its a massive bear trap OR
    the bulls will be taken to the woodshed.(Hope Not)

    Could it be the stocks ran too fast too soon and now are correcting to find equilibrium.
    No matter where I see there are just too many sellers in the gold stocks.
    If it was tree shaking there would be more buyers.

    Lastly, when exactly you think that the bull is over. What price you want to see here at MOY to come to that conclusion.

    I am sure lot of others are worried including myself.
    Your thoughts are highly appreciated. Thanks.


    All the best
    Last edited by flaming: 28/02/17
 
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