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Market Vectors Gold Miners ETF Message Board

  • allwaysonthebid allwaysonthebid Jan 23, 2013 11:43 AM Flag

    If you still dont think the the GDX is the biggest drag on SLW look again

    the GDX has dragged SLW down almost tick for tick just pull up the daily chart see for yourself, SLW should be trading up with the commodity it is selling yet it gets dragged down almost daily with the GDX yesterday SLW closed above the 50dma and was on the verge of a bullish 10dma 50dma cross and WHACK the GDX moves 2% lower moving SLW down again... the SLV is up 6.3 % year to date yet SLW is only up 1.6 % year to date... thats an underperformance of roughly 5% yet what wheaton sells is worth 5% more.... UNREAL....

 
GDX
19.83+0.110(+0.56%)Apr 20 4:00 PMEDT