Take profits (for now) in the gold miners, says Weeden's longtime bull on the sector, Michael...

|By:, SA News Editor

Take profits (for now) in the gold miners, says Weeden's longtime bull on the sector, Michael Purves, who sees the GDX's 8.8% August rally topping out around $47/share. This is strictly a trading call as Purves remains "structurally bullish" on the sector, saying the miners having a new attitude about "sharing the wealth" with investors.