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Market Vectors Gold Miners ETF Message Board

  • chan432000 chan432000 Dec 19, 2013 9:18 AM Flag

    looks like sub $20 is finally here for fed. need to see panic flush of gold to $1000-$1100 after going being sidways for 6 months

    time for the huge flush to end this down turn. gdx $17-$18?

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    • IMO, we are going to test 2008 lows. The more time goes by the more probability the Fed will taper. That's very bearish for gold. I can't see any positive catalyst for gold for 2014. This continues to be a great short and will roll over well into 2014. We might test 16.50

      • 2 Replies to farid.kanaan
      • The catalyst for gold for 2014 is tapering. Wait until January when tapering is first getting started, people will feel the pain. Housing is already slowing down without tapering, tapering will cause it to slow down more. Interest rate and commodity price will rise, cause stock market to weaken, bond market will feel the pain because rising interest rate...
        Tapering is tightening, and the recovery is weak...let's see how it goes....

      • They will never truly stop the taper already you see first time claims spiking philly fed and home sales less than expected they said they are going to maintain this until well below 6.5% unemployment rate this will never happen you have to read between the lines...
        This is why Helca is barely budging with a 43 dollar drop in gold prices as the smart money is buying it..
        You will see I am right and you will remember I told you this.

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