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FSN: Brutal Day For Precious Metals Juniors, Explorers
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
It was not a nice day to be a precious metals junior or explorer.
by Kip Keen
Mine Web
HALIFAX, NS (MINEWEB) – Walloped.
As the price of precious metals sank Wednesday – gold down 1.4 percent and silver down 1.5 percent at presstime – explorers with sizeable gold and silver deposits and junior gold and/or silver producers took outsized beatings.
“The sentiment is just not there,” said Haywood analyst Stefan Ioannou, speaking to the market hit juniors were taking today.
“Things are already cheap,” he said. And could, by his measure, get cheaper.
“But then there’s no rush to pile back in.”
Continue Reading at MineWeb.com…
2013-04-03 12:32:41
Source: http://silveristhenew.com/2013/04/03/brutal-day-for-precious-metals-juniors-explorers/
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