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finds or reasonably suspects that you are making illegal or unauthorised messages, your right to make messages will be withdrawn. If you have a look at the charts you will see that a lot of people are sitting on a lot of profits (in them all), when they get nervous down they come.
Market sentiment is negative to these stocks, it is short term in my very humble opinion.
not sure what you expect from a company that hasnt made money in 10 years??
the only reason it was up 300% was sentiment, ignorance and bubble mentality
It could have something to do with gold failing to break and hold above it s resistance of $658.
People are quick to dump something if doesn t do what they expect.
Can t blame them. If in doubt get out is a good rule to follow.
What does that have to do with uranium I hear you ask.
If you look back at when gold had a big correction that began last May, uranium mining shares joined in. Even when gold started to become good again the uranium shares took their time to follow.
I m still asking myself why it happened. But next time I believe I should sell my gold shares, I ll be selling my uranium ones as well.
Those who play the futures game get margin calls and sometimes have to sell something that is doing well to pay for them.
That COULD be the reason for the May-June correction in both gold and uranium but it doesn t really explain what is happening now. Except as markets don t follow, they lead, the market may be saying gold is in for a severe correction. Gold at where it is now is not really being reflected in SOME gold shares.
Pull backs often offer good opportunities to buy. I m tempted to but prefer stay out of it this time.
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