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  • Pengrowth Energy, Gold Miners ETF: Value in Commodities [View article]



    On Jan 02 02:22 AM sammy so wrote:

    > There is a discrepancy between the price of gold (GLD) and the gold
    > mining stocks (GDX). Gold is up 25% over the last 3 months while
    > gold miners are up 100%. Something has to give and I bet that the
    > gold mining stocks (GDX) will move down in the near term. I think
    > Russia has to sell a lot of gold to support the currency because
    > they are not earning the foreign currency they need.

    Sell a lot of gold to support the currancy?
    Jan 02 19:38 pm |Rating: 0 -2
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