From reading this stuff today, it seems pretty evident what's happening...
1. What happens when the PM prices fall?
A: The shorts cover, and the speculators sell out and get crushed!
2. So, what happens when the share prices fall?
A: same thing! The shorts cover/go longer, and the speculators sell out and get crushed!
3. Nothing has changed...Paper is still paper...a gold ounce is still worth more every day.
4. So, the sellers, are going to be crushed when the prices miraculously bounce back as PM prices rise into extra digits from current prices.
It's very tough to watch the paper price of our silver and gold ounces dropping; (so don't watch maybe) however, if U don't sell out, then U don't lose anthing. Last time I looked AUM still had the same potential PM in the ground and same property assets as yesterday.
This seems to me to be just the mother of all take down, tree shakes, as the big guys cover their short positions. jmho, but doesn't years of watching this happen teach U anything?!
Cover your eyes, and come back at x-mas if U can't sleep.
Silver will go to $200, and Gold to $10,000 eventually. What will AUM be worth then?!
That is why U bought in the first place.
lotus petals,
gildage