Posted by dallassteve on 23rd of May 2012 at 09:56 am
I agree, gyzhao
GDX can very possibly go lower, and that is my favored
scenario.
I am waiting a little longer before I load up on gold stocks.
I own Vanguard Precious Metals in my wife's IRA. I
went to cash last year when GDX peaked, expecting a correction.
That was a good move. I bought a half position last
January, after it had fallen. Now it has made a new low.
So my timing is not always great, and that is why I
scale in.
This last decline has been so forceful that I think there is a
little more downside after the bounce.
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GDX
Gold stocks bottomed?
Posted by dallassteve on 23rd of May 2012 at 09:56 am
I agree, gyzhao
GDX can very possibly go lower, and that is my favored scenario.
I am waiting a little longer before I load up on gold stocks. I own Vanguard Precious Metals in my wife's IRA. I went to cash last year when GDX peaked, expecting a correction. That was a good move. I bought a half position last January, after it had fallen. Now it has made a new low. So my timing is not always great, and that is why I scale in.
This last decline has been so forceful that I think there is a little more downside after the bounce.