Wednesday, April 4, 2012

Something to think about

Here's GDX to the price of gold:



Here's GDXJ to the price of gold:

3 comments:

  1. Ouch. The miners really suck, don't they?

    So what's next for our beloved HUEY (never mind the quality of the stocks that make it up)??

    I can see support at 375, and weaker support at 430, but what the FDI know?

    ReplyDelete
  2. God only knows. The market is irrational now, so it'll continue to be that way. How's that for a prediction? Sell everything and go long guns, ammo and MREs.

    ReplyDelete
  3. FVI has lost 1/3 of its mcap during 8 days. Which is rational in today's market. It was a long time ago since the market was fearful of missing out on a good trade. I see a lot of value at today's prices.

    ReplyDelete

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