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fitzwell11

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fitzwell11

Re: Ican post# 10846

Wednesday, 07/20/2016 10:15:03 PM

Wednesday, July 20, 2016 10:15:03 PM

Post# of 13237
Gold has no real reason to be headed to $1,400 especially if strength in the stock market continues. If the FOMC does nut up and actually raise rates that will also hurt gold. Either way, see my posts a few days ago about the price of gold in comparison to the current price of GDX. Miners are way way more over extended than gold. GDX should really be around $24-25 right now in order to match its historical ratio with current gold price. Happy trading!

$DUST
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