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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • Can Gold Miners Find Support? 0 comments
    Jun 19, 2013 11:39 AM | about stocks: GDX

    Gold miners have been beaten senseless for the last year, so calling a bottom is a widow-maker's game. I'm not calling a bottom. However, it is worth noting that GDX has formed an inverted head and shoulders (for the moment). Should the miners show some life in the coming days, it may be worth keeping an eye on. GDX would need to rally over 10% to break above the neckline and build some offensive mojo.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GDX
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