There has been some sort of concerted attack one after another...

There has been some sort of concerted attack one after another Goldies.

Started from the leader NCM to Intermediate producers like NST...EVN...WGX...SBM....RRL....
and today DRM.

I can come up with 2 theories.

Theory 1 / The big money has decided gold is done and seen its best days. So they are selling the miners before they take down the gold price.

Theory 2/ A big move is coming upwards coming in gold. Before that happens they need to flush out all the little guys like us. They don't want us to make money easily. So stop hunting is in action.
How else would they have the little stubborn guys n gals to sell.



If Theory 1 was correct, then all those above big names should not have recovered.
Some of them have recovered nicely and bounced higher.

So I am leaning to Theory 2. I am also biased towards a higher gold price.
They have played havoc on gold price and miners since the last US FED meeting.
After tomorrow's conclusion of FED meeting.....they might change their game plan.
Gold Shorts are at the highest level in the Futures market. When everyone is in one direction, that's the time it turns around.

The DRM business has not changed at all...if not anything is getting better by the day.
I have seen a lot of my gains erased in the last 3 days.
Feeling bad now....but its part of the process.
Gains makes you feel good.
Losses make you feel sad.