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trefoil

Registered: Mar 2007
Posts: 3383

04-29-12 01:03 AM

Miners precede the metal. Always. The trade is to put on a long term short on gold and, if you can find a way, a long term buy on the dollar; also a long term short on bonds.
Sooner or later it's going to crater, and when it does it will be either because of or at the same time as interest rates and the dollar go up.

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richk

Registered: Feb 2002
Posts: 191

04-30-12 09:51 PM

GDX is in downtrend and I prefer to trade it down - i.e. I plan to short it as there is more way to go down. It can make some bounce from current levels but GDX and GDXJ are weak sectors in strong bull stock market situation. So only way to trade GDX is to short it or do not trade it.

Richard

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blowingup2012

Registered: Mar 2012
Posts: 251

04-30-12 11:09 PM

Then short it and post a ticket. I want to see you do it.

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Crispy

Registered: Jul 2009
Posts: 735

05-02-12 04:23 PM

People want the end product not the producer. Taxes, hedging, local rules and laws, pollution standards, currency risk and the possibility of nationalization are keeping the game as such.

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