Mining stocks

On a day like today, I expected my portfolios to be whacked hard. And it did. Definitely no alpha to collect.

When stocks are dumped without a reason, that is when I am active. The current sentiment is very tainted by European problems. The whole of Europe, combined, is a huge economy with lots of people. The Chinese would have found that their goods cannot be sold indefinitely on credit.

What is amazing is the price of uranium has hardly moved! POG cannot keep coming down; buyers will appear and there is only that much gold produced. And Central Banks cannot sell too much or its remaining gold will become less worthy.