Thursday... Gold to take a dive?

[ShinyStuff]

Listening to Sky's YOUR MONEY YOUR CALL and a panel member was talking about gold mining stock, and he said that Thursday if THE FED "tapers off" then gold stocks will take a hit. That may explain why Argent Minerals is sliding down fast.... I don't get it how gold and silver are heading south when the logic is they should be at the very least keeping level.

Shiny.

 

[boston]

It's a strange market that does the opposite of conventional wisdom.

 

[SilverSanchez]

If everybody assumes Gold will take a hit, I assume those people have already sold their gold (if they ever owned any)

therefore its possible to say .... who is left to sell?

The canundrums of the market

 

[jparrie]

You don't have to own it to sell it.

 

[willrocks]

You don't have to own it to sell it.

Not in the paper markets.