proves too much. saying nothing more than don't fight the trend. not ludicrous statement. the fact that so many people are committed to the inflationist dogma in the face of 30+ years of disinflation just shows the hold that inflation still has on the public imagination
The other side of the trade! Groovy. Long GDX as of Friday afternoon at a basis of 23.9096, and plan to hold for probably a year at least, but of course that will depend. I'll have to post here when I exit, just for the fun of it.
1. Why the timing? 2. Its low in the last 20 days is 27.95, in regular hours at least. You have to go back aways before that to get a price that low. What was the date on that trade? Was it regular hours?
Jan 29 it went below $28 at one point Limited downside to 22 from here. I'll look to unload at 50-60 range in a few months.