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Strategies & Market Trends : Ride the Tiger with CD

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To: Zincman who wrote (208703)	12/30/2011 12:13:32 PM
From: Rarebird	8 Recommendations Read Replies (1) of 313039

There is nothing wrong in being bearish. But the world is awash in Gold Bears and the price of GDXJ speaks volumes. In November 2009, GDXJ was trading at the same levels it is today while GLD was trading at $114. That's $400 per ounce of extra earnings priced in the junior miners. I'd say an incredible amount of bearishness is already priced into the junior miners.

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