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drgeorge

drgeorge
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  • Yesterday's brutal selloff in gold miners (GDX +0.6%) does not create a buying opportunity, J. P. Morgan says, noting mining costs will keep rising even as gold prices likely will stay within a range. Miners, which begin reporting earnings at the end of this month, thus will continue to show declining profit margins. Also, Q2 tends to be weak for metals; combined with dollar strength, upside for the stocks is limited. [View news story]
    well there is blood in the gold sector for sure, so maybe this is the time to catch that fallen knife
    Apr 4 01:52 PM | Likes Like |Link to Comment
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