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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: HUI Still All Red

HUI Still All Red

posted on Feb 08, 2010 02:14PM

So far, all 16 HUI stocks continue to show red, many down 2 to 4+ percent. Amazing to me after late Friday's action when all were green. I thought there might be at least a little upward continuation in at least a couple of them. But none? Every time one does show a little green, it's shoved right back into the red.

However, most of my juniors are green. That's an unusual switch and a head scratcher. Don't know what to make of it. Maybe the funds are too busy whacking the big guys.

It does make you wonder what in the world has changed to make such a quick 180 degree turn in the HUI stocks over a weekend. Not that this is the first time this has happened. And then you consider those 2 finance minister meetings, the last being the G20 in Australia. Perhaps they agreed on something and that something may be bad news for the big miners. Us next?

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