Today, there is an unusual discrepancy between GDX (-1.43%) and GDXJ (-0.27%), usually it is the other way around. Gold futures are up 0.64%.
Is there something the "big money" (presumably in GDX) knows about upcoming developments in Gold or miners?
You have not talked about your position in RR? Just keeping indefinitely?
Thank you for this email which may be of interest to subscribers. Gold continues to pause around the psychological $1900 level. In any range the bullish and bearish arguments return to equilibrium.
At present the competing arguments are that gold should do well because central banks have been backed into a corner by rampant money printing and will be unable to raise rates enough to fix the inflation issue. The competing negative view is gold faces an increasing headwind for rising yields.Click HERE to subscribe to Fuller Treacy Money Back to top