Matt, what are your thoughts on why the BPGDM hasn't moved to a
buy on this latest rally with gold miners? Is that a warning
sign that this up move is a fake out?
it's the components, when you look at individual pm stocks
there's quite a few that have had big moves, and quite a few that
haven't, BPGDM is a mix of all the components of GDX.
I do think gold stocks, as I discussed last night, do have
potential for a decent tradeable bottom that can last a bit, unlike
the last few years, and possible some commodities. Steve discussed
this on the weekend as well regarding commodity ETF's during the
bear market
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
$BPGDM
Posted by pebs on 26th of Jan 2016 at 12:22 pm
Matt, what are your thoughts on why the BPGDM hasn't moved to a buy on this latest rally with gold miners? Is that a warning sign that this up move is a fake out?
it's the components, when you
Posted by matt on 26th of Jan 2016 at 12:37 pm
it's the components, when you look at individual pm stocks there's quite a few that have had big moves, and quite a few that haven't, BPGDM is a mix of all the components of GDX.
I do think gold stocks, as I discussed last night, do have potential for a decent tradeable bottom that can last a bit, unlike the last few years, and possible some commodities. Steve discussed this on the weekend as well regarding commodity ETF's during the bear market