GDX On Monday Aug 19th hit a high of 30.94$, Gold was 1380$. Now GDX is 29.40$ and Gold is 1420$.
Analysts are saying that oil prices are the factors behind yesterdays BIG drop. I don't believe that what so ever..
Why don't you try to read through all of the posts on here besides the pumpers and maybe you will understand. Plenty of people have been talking about this yet people continue to disregard the obvious.
Big Hedgies like Paulson are trying to dump all his gld. Has to pick his spots. Last 2 days at 2:30 he sends in sell order and all the miners get crushed! Rich people control market. The market doesn't control the market.