-Gold dropped significantly 2 days in a row at 11 weeks low, getting closer to $1600/oz price that leads to price drop in most mining companies stocks.
-Drop in Technology and Financial sectors as well.
CBC: Loonie, TSX slump as commodities fall
-Copper and Oil prices drop as well.
Reuters: Yahoo to lay off 2,000 employees
Mining Stocks Approaching Most Oversold Level Since Start of Bull Market
-looks like people are getting into the panic mode and start selling again, especially for mining stocks.
-A chart showing some readings in comparison of the performance of mining stocks (XAU) versus the broader stock market (S&P 500); it resembles what happened in 2008.
- here comes the opportunity?
Thanks
Lawrence
No comments:
Post a Comment