but they are at this price of gold a rock solid value play here. The major component companies of the GDX are in terrific shape balance sheet wise. We get our little one day pullback due to the rate increase and as you say, the flying monkey people hitting gold. They are dead meat from my perspective. It is frustrating, but their position is ridiculous, The other countries of the world are buying gold like crazy, as the slow transition away from the dollar begins here, soon enough. Buy them now at the Armageddon low...
the mob will come in when the see "action." The mob in america are not value buyers.....the funds would rather buy gdx at 40 than at 30, because then, they reason, GDX is in an "uptrend."
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