Posted by bobstewart on 25th of Apr 2011 at 10:13 am
Not really as ABX is distorting things as it by far makes up the
largest part of GDX. This morning ABX announced they were buying
another company for around $7b so count on ABX underperforming for
at least a few months - thus dragging down the GDX.
Also check out the following link as to why gold stocks have
been underperforming for quite a while, and why it will probably
continue.
GDX: into the gap from 3 days ago
Posted by frtaylor on 25th of Apr 2011 at 09:52 am
Might this be a good buy at the bottom of the gap?
Not really as ABX is
Posted by bobstewart on 25th of Apr 2011 at 10:13 am
Not really as ABX is distorting things as it by far makes up the largest part of GDX. This morning ABX announced they were buying another company for around $7b so count on ABX underperforming for at least a few months - thus dragging down the GDX.
Also check out the following link as to why gold stocks have been underperforming for quite a while, and why it will probably continue.
http://traderdannorcini.blogspot.com/2011/02/hui-gold-ratio-gld-and-ratio-spread.html
Thanks.
Posted by frtaylor on 25th of Apr 2011 at 10:15 am
Thanks.
Gap filled.
Posted by frtaylor on 25th of Apr 2011 at 10:10 am
Gap filled.