Some of the good junior golds are getting brutally slaughtered today! One in particular is being destroyed, and it has almost 4 million ounces of good grade, blue sky, safe Canadian environment, paid for infractructure and over 80,000 ounces prouction at break even today. I'ts caught in a financial squeeze for capex, just what the cartel planned... now at 38 cents down from a high of $4 a few years ago. If gold was $2500 today, this would never be happening. I'ts a real bloodbath and I truly feel for all the good people who hold good, painfully undervalued JPMs with millions of ounces in the ground. This is truly epic. If it's any consolation, AUM has done relatively well in comparison.
I almost hate to say it but naked shorting over and above high frequency trading has to be a real factor here. Also, on some other forums, there is gang tackling going on to do everything possible to scare the absolute hell out of the widows and orphans now... and it must be taking a toll. The bashers are resortiing to all the gangland tactics they can muster ... from shouts for reverse splits to dissing the price of gold.
This is very cruel for innocent shareholders who's shares may very well be ten baggers over the next ? ... and the sell in fear. What a world.