Friday, February 7, 2014

GDXJ exploding to end the week


shows GDXJ up 4.5% today. Meanwhile gold is up less than 1%.

So is this just a short-covering thing? Someone was hoping the juniors would punch thru support, and it turned out not to happen? And they're stuck buying back junior miner stocks at 2:30 Friday afternoon?

That'd be a case of really stupid planning if it were true.

Strangely, Rio Alto is holding up with GDXJ, while B2Clive is the laggard today.

1 comment:

  1. Maybe the market is baking in bad news at Socchi and covering or going long gold