Something is Rotten in the State of HUI
Gold UP $20 in 2 days and HUI is Down
Rarely is this good for PM…maybe this is one of those rare times BUT !
Phooey on Youi HUI
Gold UP $20 in 2 days and HUI is Down
Rarely is this good for PM…maybe this is one of those rare times BUT !
Phooey on Youi HUI
It just feels like an 800 pound gorilla with deep pockets is F’ing with us.
No, its real simple. Its called asset redeployment via ETF outflow. And I am now short
Can you elaborate on what you mean by asset redeployment via ETF outflow? Thanks.
People are worn out sitting in the golds watching all the money being made in the general stock market (me too) so they are selling their GDX/GDXJ ETFs and moving it into the general market. That’s how we can see gold and silver go up and the stocks fall.
That’s bearish to me. I am out
Keep some powder Dry…There will be a better opportunity in the weeks ahead.
Got it. For me, if the miners keep dropping I’ll use it as a buying opportunity. The stock market in general is getting crazy. Almost as if a blow off top is coming. The Dow is making new ATHs every day, and today posted the 11th consecutive positive day. That hasn’t happened in 25 years.
I have never in my life seen anything like it. Looks like 1929.