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Market Vectors Gold Miners ETF Message Board

  • cmegladon cmegladon Aug 16, 2013 4:22 PM Flag

    The miners ran up these past 2 weeks each day in anticipation

    of a pop in PMs.
    Conspiracy theories aside, it played out as expected. Metals did indeed pop a bit.
    The miners ran a bit ahead of themselves and even with todays continuation of the price movement in metals, the miners and streamers had to pause.
    It was healthy, given Gold still moved higher.
    IF PMs are strong again on Monday, the miners will pop again and continue this move, which if sustained, is quite a move.
    Given the world geo-political climate, continued economic uncertainty, continued Fed uncertainty, and continued printing, China VS the world, Japan pursuing Abenomic monetary policy, and of course, the ETFs purchasing the hard stuff.......we have a good chance this continues.
    IF metals dip on Monday, the miners could crash.
    You know where my bet was placed.

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