I see it as a game of snakes and ladders with Gold vs the miners. Gold keeps finding the ladders and climbing higher, where the miners are more than likely to find a slide.
Gold keeps advancing levels and the miners are still stuck at the bottom of the board.
A few months ago my basket of Juniors was up 15% to 30% in the green, and now they are all down 25% in the red.
I have never seen such a weak correlation to metal pricing on the upside and overt pull to the downside when the metals are weak in my 20 years of playing with the miners. Same for copper miners. Copper holding over $4 and $FCX is below $40?
If I hear or see one more post asking, why are investors so down, cause the GDX is up 23% over the past 12 months, they should be elated. I don't own the GDX. I own everything but the GDX. My bad I guess.
If the markets break to the bad, and take the miners with it, I do not know what I will do. I am a man on the ledge.
I see it as a game of snakes and ladders with Gold vs the miners. Gold keeps finding the ladders and climbing higher, where the miners are more than likely to find a slide.
Gold keeps advancing levels and the miners are still stuck at the bottom of the board.
A few months ago my basket of Juniors was up 15% to 30% in the green, and now they are all down 25% in the red.
I have never seen such a weak correlation to metal pricing on the upside and overt pull to the downside when the metals are weak in my 20 years of playing with the miners. Same for copper miners. Copper holding over $4 and $FCX is below $40?
If I hear or see one more post asking, why are investors so down, cause the GDX is up 23% over the past 12 months, they should be elated. I don't own the GDX. I own everything but the GDX. My bad I guess.
If the markets break to the bad, and take the miners with it, I do not know what I will do. I am a man on the ledge.
(this is a rant. I will be ok.)
Tks Professor Vinny 👍🏻