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Market Vectors Junior Gold Miners ETF Message Board

  • bayou04 bayou04 Sep 11, 2012 1:44 AM Flag

    Anyone getting that old

    familiar woozy feeling about the gold stocks? Advancing on shrinking volume and then an outright decline yesterday. $23 was squarely rejected. Insiders must be laughing at the momentum crowd (munk100 et al.). Next Friday is options expiry so look for the capping to remain in effect. Max pain is at $18!! Options writers have their work cut out for them. One thing they have on their side is that the majority of GDXJ longs at this point are newbies and will be easily shaken out.

    P.S. (Only negativity will drive GDXJ higher!)

    Sentiment: Strong Buy

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GDXJ
20.34-0.14(-0.68%)4:00 PMEDT