Gold Miners ETF (GDX)

[goforthebet]

best part of it is this:

We also got news at the end of the week, India imported 100 tons of gold for the month of September ...this was about half of all gold mined for the month. There was also a report from Shanghai, they imported over 68 tons for the WEEK! If China were to import at this run rate, they would import 3,500 tons over the course of a year. This is an impossibility over the long run as the rest of the world only produces 2,200 tons. I bring this up because again, we have more evidence of demand completely dwarfing supply while price remains weak. "Apologize" however much or in whatever manner you'd like, physical demand is blowing out the actual supply while the price is being suppressed. I believe there is also a "timing issue" here, something behind the scenes is in a precarious state, the "alarm bell" must be silenced.