Re: got it
in response to
by
posted on
Oct 30, 2014 12:09PM
Combining Classic Mineral Exploration with State of the Art Technology
"...strange that the S/P is even lower."
Not strange at all, IMO. "Jaw boning" by the Fed yesterday has caused a market reaction which is including damages to metals prices and mining stocks.
At the moment, key mining indices are off around 6 percent, so the LBSR share price is quite naturally caught up in this, given the lack of news - nothing more.
BTW, the price of gold has dropped sharply and has dipped below 1200 once more. Base metals prices are not doing so badly.
Meanwhile, I think the market is being directed by false indicators, and will come back after the emotion disipates.
VP