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Market Vectors Gold Miners ETF Message Board

  • billsilva45 billsilva45 May 11, 2012 5:30 PM Flag

    Hard to believe gold and gold miners

    just keep going down. At times like this you would think gold would be screeming.

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    • There really is no safe haven. Sometimes people jump into gold and silver in "tough times" and it goes up. This did happen last August....times a bit different now IMHO.

      You really should only buy after 2-3 day precipitous drops like after margin hikes and there will be another...

      as for miners, well there is trouble brewing with them like the NG drillers....this fund will hit lower lows most likely. When I see the dividend cut, maybe I will bite--that when you get NAV moves up to hold...

      for now, they are great day-swing-position trades...

      what do you follow for this fund-- I track NEM, AUY, GG---off top of my head--any others that carry weight?

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