Slug (and others),
The decline in the price of gold and the sudden rise of the US dollar has certainly taken the wind out of the sails of many junior gold companies. There will be varying opinions on how long this will last, since there are still fundamental problems in the economies of the world (and especially the US) that will cause the price of gold to move back up again.
However, in spite of that, one cannot help but notice that SGR's SP drop has exceeded that of most other juniors, at least it seems that way to me. What do you make of that? How do you explain it?
1. Is it because we were artificially inflated over the past 3 months and this has just brought as back to reality?
2. Has the SP drop been fueled by shorting of the stock?
3. Is there another reason that has caused institutional investors to switch gears from buying up only a short time ago to selling now?
4. Is this simply manipluation by larger traders, for one reason or another?
Just wondering what some of your thoughts are on this. Something doesn't feel quite right about this scenario, IMO.
NorthLion