A few gold/silver stocks got smacked today

[Cu Penny Hoarder]

This is why I don't own any paper gold and silver. The negative overall market action drags down everything:

AEM 64.19 -4.02 -5.89% Agnico-Eagle Mines Limited Comm

RBY 3.93 -0.41 -9.45% Rubicon Minerals Corporation Or

KGC 15.75 -1.25 -7.35% Kinross Gold Corporation Common

AUY 14.74 -1.66 -10.12% Yamana Gold, Inc. Ordinary Shar

GPL 3.06 -0.23 -6.99% Great Panther Silver Limited Or

SVM 6.82 -0.31 -4.35% Silvercorp Metals Inc Ordinary

AG 18.26 -1.85 -9.20% First Majestic Silver Corp. Ord

EXK 10.94 -1.46 -11.77% Endeavour Silver Corporation Or

SLW 35.45 -5.21 -12.81% Silver Wheaton Corp Common Shar

[68Camaro]

SVM is still above where I bought it, just days ago, despite the smackdown, which is why I do buy them when a good deal seems right.

[silverflake]

I actually got stopped out of GDX today. Tried to play what looked like a breakout a couple weeks ago. Smacked down today. Good luck to all. Buy the physical stuff while you can.

[beauanderos]

I actually got stopped out of GDX today. Tried to play what looked like a breakout a couple weeks ago. Smacked down today. Good luck to all. Buy the physical stuff while you can.

This kind of market volatility, whether engineered or induced by panic selling and stops being triggered... is the precise reason I don't use stops. You know in your heart you made good picks on mining equities? Then show your conviction and marry them. Repeat your vows whenever you are in doubt "to have and to hold from this day forward, for better or for worse, for richer, for poorer, in sickness and in health, to love and to cherish; from this day forward until death do us part." In the long run, you will profit beyond your wildest speculations if you stay the course. Of course, you might be much smarter than your competitors and able to market time to perfection... so if that's the case, then trade in and out of the market.