Based on the rally from Dec low to recently, GDX outpaced Gold 3-1. Yesterday and today's gain in Gold should have GDX printing 28$. Let alone GDX is down today.... WHAT IS GOING ON
The only the I don't like about today is when Gold was up and GDX tanks 3.5%. I hope it's maybe on anticipation of big earnings tomorrow morning from GG and ABX
Funny how you dirt bags (shorts) only come on this board when GDX is down. Didn't hear from you since the low of Dec and been up about 25% from the lows. Yesterday BTW was the 1st time since DEC 2012 that GDX traded above it's 200 DMA...... This is just a break on our way to 30$+ SOON....
So go somewhere else bashing BUDDY. and and GFY!!!!!
Based on gold being up 2.5%. GDX on the way up always exceeds Gold but the same on the way down..
That said it should be up way stronger than what it is. IMO
You hear almost everybody (media and analysts) bashing gold and miners. They are saying even short Gold and miners on the count that the FED will taper, taper taper. BLAH BLAH!!!!
Well Gold started a bull run in 2000 for 12 years. Back then from 2000-2008 there was no Fed taper and Gold went up. So why would any sane people would believe that Gold will go Down because of the taper?
Just a simple question here on why to believe Gold will go down on the count of TAPER?????
Just look at supply and demand, it should be taking gold well above 2000$ but someone is manipulating the gold market! POint Final!!!!!!!!!!!!!