Thursday 12 July 2012

Gold Stocks carnage continues...

if markets are created to send us crazy...the action in the gold stocks is doing it's job!

Stocks down by 40% to 60% plus - simply stunning.

Gold gone nowhere for nearly 12 months.

Can it hold these levels and proceed north by the end of the year - this next month should be interesting. Meanwhile Bank of Korea cuts their interest rate over night on the back of last week's drop by china and  QE by the BOE.