My ZSL hit 110 today...been shorting miners since january. Wes have you seen the drop in most of these? The TSX is fading into oblivion. Not sure how long this will last but the powers that be are pounding them into the sand, many great companies like axu and ssri mkt shares cut in half, any thoughts on these?
Yes glad you mentioned that. I converted a lot of USD to CAN yesterday (sold USD), as well I am about to start a position on GDX. I have been watching this group for a while. I do not see it going straight up just because I bought some. I plan on buying more GDX as it drops (if it does). I personally still see gold over $2000 some years out the loonie over $1.05.
This illusion is grande and if I had not traded it in in 2007 and 2008 I would NEVER recognize it but it is the EXACT same song. Use MBS purchases to free up the banks money. Then have the banks buy the bonds and create the illusion of a strong dollar artificially suppressing the price of gold while equally maintaining an inflated US Dollar. All for the purposes to buy the bullion itself.
An identical play prior to the crash. I have no doubt this is EXACTLY what is happening now. I am enamoured with this years returns. Simply unbelievable if you can sit back and regard what is actually happening. It is all a scam. All of it. Doesn't mean I can't be a part of it too! ;)