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Market Vectors Gold Miners ETF Message Board

  • pm_guru_1 pm_guru_1 May 17, 2013 1:36 AM Flag

    Bankster stooges still have bootheel on miners, but no one selling real gold LOL

    This is unsustainable. Somebody is accumulating all the shares being dumped along the bottom the past few months. Gee, I wonder who? The banks and brokers who've been calling end to gold bull market since the beginning of the year and the Hope and Change of the Dow. Folks, if a central bank ever gives a tover rillion dollars a year to banking system, prices WILL GO UP. And that doesn't even count the $1.5T in national deficit that is basically completely monetized because no one want to buy worthless govt paper at all time high prices and no yield. Well, they painted themselves in a corner. GOLD IS ALWAYS GOING TO BE THE BEST MONEY FOOLS. LIVE WITH IT. Stop destroying it with naked shorting and with enough luck PMs will turn back into a rip roaring market with all the others.

    Sell GDX. Pick out the best of the best, and the best values, best yields, and best balance sheets/managements/jurisdictions. GDX will eventually over time make a great bounce, but the leading stocks will go up multiples of current prices, and the sector proxy will not do it. Also, the ETFs have certain counterparty risk associated that you do not have with direct registration.

    Sentiment: Sell

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GDX
20.69-0.67(-3.14%)Oct 17 4:00 PMEDT

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