2 Responses to “Why did my gold mining stock go down much more than other stocks today with the news regarding Dubai?”

1. InspectorBudget Says:
   November 30th, 2009 at 11:39 pm

   It is just a knee jerk reaction by very nervous people. People who sell at the first hint of trouble, anywhere, anyplace on Earth – it does NOT have to be relevant to their stocks.

   Sometimes, I wonder why such folks are in stocks in the first place – their stress level must be awful, if they are always looking to get out the moment they get in.

   Look at Oil – it went down too, for no good reason except that Dubai is an oil producing country. In fact, this represents a good buying opportunity.

   Just sit tight, things will recover when the furor dies down in a week or two.
   References :

2. jeff410 Says:
   December 1st, 2009 at 12:19 am

   It was a flight to the US dollar. In times of economic uncertainty investors take refuge in the dollar in a
   flight to safety. When the dollar goes up commodities generally go down.
   References :

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