Seeking Alpha
  • sean.parmelee
    Today's rally in miners comes despite flat to down equities and gold. Mean reversion continuing. GLD NUGT DUST GDX GDXJ
    6/18/12
    Reply (3)
    • Ocean Man: Due to a junior getting acquired, the rest rallied. Often a 1-day reaction, which is why I sold a chunk of KGC.
      6/18/12
    • sean.parmelee: You could be right, but it seems odd that GDX gapped down at the open with AUY up 50%, if XG is the prime driver behind GDX today.
      6/18/12
    • sean.parmelee: GDX tracking GLD almost exactly today. Not seeing any reversal of yesterday's leg up.
      6/19/12