yup, wont last, every time there is a major disconnect with GDX and gold price like today...GDX whipsaws to catch up to gold price.
yup, this thing is lagging behind gold price way too much, should already be up to 24 at this gold price. Low oil prices are good for miners....cheap, going to 30 at least sometime this year.
I like to look at hiring for a company as an indicator of future growth. People are EXPENSIVE, especially tech people, you don't hire that many new people unless you expect considerable expansion of your business size.
it's sensible if you look at who the players are (shorts) and they are trying to cover in an orderly fashion and they are clearly using covered calls to amplify profits. Nothing to see here.
could just be shorts throwing in the towel and running for the hills finally...there's a lot of short fuel and holding through earnings is way too risky in case there is positive news. I would not be surprised to see near-12 prices at earnings day.just on short covering alone.
nothing like a bunch of unemployed union workers to light a fire under those Canadian socialist politicians.
politicians. LOL. They are all talk and totally impotent when they realize who pays their paycheck.
declining commodity price environment is looking the rear view window as well. Copper and oil not going to stay low for very long me thinks.
Ok all the negativity here makes me want to buy. Buy when everyone else is hatin'. I'm a new owner of 400 shares but covered with options at 20 just to be careful for earnings. $1 downside protection with 10% max upside profit for February. Not too shabby gamble I hope.