Problem is Ectoplasm that precious metals stocks are so on the nose that a 10% rise in the US dollar price of gold and a rise in silver to US$44 - a price less than it was about one and a half years ago - is unlikely to make most precious metals stocks do much unless sentiment for them markedly changes.
Have a think about this.
When gold went through US$1000 our leading gold stock, NCM, traded at $40.00. The gold price is more than 70% higher - but NCM is about 40% lower.
Any wonder precious metals stocks as a group are on the nose. Until our leaders start to lead it's difficult seeing the specs and small juniors/producers like AYN running hard.
AYN Price at posting:
2.6¢ Sentiment: None Disclosure: Not Held
