With all the shorting of miners, could be shorted into bankruptcy like the coal miners?
The CEO on CNBC a while back. He said they could make money with oil at $40 a barrel. What about lower?
Still has some work to do before it can get there. Has some buyers coming in but volume is low.
SLW and GDX are on my watch list. I'd just rather see them both punch through their 200DMA before jumping in.
ABX, SLW, GDX all these miners look poised for a breakout. Need just a little more and I will jump in. Look at a 6 month chart on any of these and draw a trend line.
It closed on 11/18/14 at 13.29. I would say it has to close above that first, which by this action should happen.