Or maybe it is the definition of owning the mining shares over the past month. I can vouch for the punishment and pain inflicted in a crowded trade. Its so easy to butcher the suckers that jump on the greatest bull trade this year expecting it to go to the sky, only to find out in great stocks like Ag that a 70% haircut was coming from the barber. Now that is painful if you jumped on the top of that roller-coaster. You better get out before they spank you harder and sell your shares to me next week.
For the long suffering masses that have been in the miner trade since its low in December, you really don't have anything to cry about. You're still up 300% and more in stocks like GORO EXK etc…. so don't cry me a river.
As far as the next few weeks go….it could get worse before they take it back up. If you think you can time it, then more power to you. I can't and I won't get cute in what I think is the final epic ride of the bull trade of all bulls. The game of an epic bull is to shake off as many dummies at the bottom of corrections and make sure to take their money off their rotting, ignorant carcasses. A lot of the carnage in this sector was in leveraged houses that tried to get too cute in the momo trade of a lifetime and when you get greedy and you're leveraged and you take a 30-40% hit in a couple of weeks….then you are margin called to death.
Ignore the drumbeats to war with Russia. You and I are useless eaters and cannot influence the creeps that get their nuts off slaughtering millions of innocents in the name of freedom or whatever meaningless cliche they want you to believe is the reason to put a Hell Fire missile into a crowded wedding party. Imagine when these degenerates start to nuke cities. I'll bet they'll have a really great reason to rally the sheep like Kim Kardashian was gang banged by Islamic extremist or WORSE it was Donald Trump. We live in strange times and I am a cynical, bastard that is rapidly losing interest in anything political this year. If they keep hammering Trump, I may even take a half hour out of my life and go to vote next month just to pretend I made a difference. LOL
Hell's coming you stinking bastards and I hope it burns all of your DNA and pisses it down the sewer. gl all and if the casino stays open your miners will be fine. IF.