Gold Miners ETF (GDX)

[DragonBear]

So, that's me conspiring to spin as I see the world...

Yep, agreed. It's spin.

The commodities index as whole is down. It will be down for a very long time as all the POS indexes collapse. Other commodities are and will be rising such as all foods for starters.

That doesn't work either. Take a look at corn and soybean pricing for the last 2 yrs. And yes, once again a rising USD undermines ag exports, and grain prices.

and 1 year from now will prove this conversation to be amusing to say the least. And I'll still be right as rain.

Rain is wet. And so is the idea gold or any commodity is going down due to "manipulation" of the so called POS indexes.

That's the main difference in our positions. You try to explain the "POS indexes" going down based on "manipulation". Whereas I might read $1.1B was pulled from previous metal funds for the week ending 22-Jul. That's investors bailing, and no surprise gold hit a five-year low of $1,077 an ounce on Friday. It is what it is.