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Re: gw323 post# 6535

Saturday, 10/12/2013 11:10:41 AM

Saturday, October 12, 2013 11:10:41 AM

Post# of 46663
On a multi-year chart including 2008, GDX dips into the teens. At a price of around 1000 for gold (mid-2009 on a monthly chart), GDX today is undervalued relative to GDX in the mid-2009 timeframe ( thinking out loud). Maybe GDX could bounce even if gold keeps dropping over all since it is relatively undervalued.
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