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Gold miners will be watched closely today after gold prices, which had dropped sharply in the...

Gold miners will be watched closely today after gold prices, which had dropped sharply in the wake of strong U.S. economic data yesterday (I, II), pared some overnight losses after U.S. Q1 GDP was revised lower. GDX -3.5% premarket, as major gold ETFs saw outflows of 23.3 tons yesterday, their biggest daily outflow since mid-April. AUY -5%, GFI -5%, AU -4.8%, GOLD -4%, ABX -3.9%, EGO -3.7%, GG -3.5%, KGC -3.5%, NEM -3%.
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Comments (3)
  • jerrycalpha
    , contributor
    Comments (59) | Send Message
     
    It might be worth picking up some of the pieces down here. $BPGDM has refused to make a new low during this rout.
    26 Jun 2013, 09:55 AM Reply Like
  • montanamark
    , contributor
    Comments (1442) | Send Message
     
    "in the wake of strong U.S. economic data yesterday" LOL and GDP shows just how strong
    26 Jun 2013, 10:25 AM Reply Like
  • Charles Cooke
    , contributor
    Comments (53) | Send Message
     
    FYI, I got out of Dodge this morning and sold off ABX and PAAS + NUGT at a loss. Angry at myself because I violated my own rules in buying them before the lines on the charts crossed thereby indicating the necessary buy signals. --- Those days will be coming. But not yet! --- How big a hit? Small, yes, - 5%. But I hate loosing. : )
    26 Jun 2013, 10:41 AM Reply Like
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