Thursday, February 23, 2017 3:56:54 PM
If today isn't evidence enough for folks that Gold and GDX are NOT directly correlated...I don't know what else would convince them.
Pull up the charts on NEM and ABX. They don't look good and they are struggling today. Those are 2 of the largest holdings within GDX which explains why Gold is on fire and GDX is not.
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