Huge short covering rally in the GDX

Discussion in 'Trading' started by xcalaktrader, Sep 17, 2008.

  1. The goldbugs have complained for ages about the egregious naked shorting and FTDs affecting the gold stocks. In light of this rally coinciding with the SEC announcement that they will enforce delivery by settlement date, it appears the goldbugs were correct, and if so the GDX could fly!