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peterlitch

peterlitch
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  • Does the surge in gold mining stocks mean the bottom is in? Gold futures finish flat after a two-day climb, but the big story in recent sessions hasn't been the physical gold as much as the miners. The mining ETF (GDX +3.9%) is surging nearly 4% today, but that's after a ~20% YTD selloff. Today, miners are broadly higher: RGLD +4.5%, AEM +4.3%, ABX +3.9%, KGC +3.8%, GG +4.1%, NEM +3.3%[View news story]
    not that I know much,but with a lot of money out there,people can buy whatever is low regardless of everything else still going up,like buying a piece of pie because it is good,as things go up people grab whatever is good on the table, market sentiment is all that's needed.The miners are making money and have sold off more than the gold...so!!
    I see a buy here,and am./see what happens.
    Mar 6, 2013. 11:49 PM | Likes Like |Link to Comment
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