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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.20-0.4%Dec 18 4:00 PM EST

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To: rogermci® who wrote (110717)3/6/2020 6:52:15 AM
From: Rarebird  Read Replies (5) of 116815
 
It is becoming hard to figure what this decline is all about, what I've called a bear market, even though the decline has not reached 20% yet.
I have always felt the decline has been a lot more than the virus. In fact, yesterday after the close SBUX said their business was returning back to normal in China. AMD also said their business was set to return strong returns this year.
Last year, the market rose on PE expansion and wild speculation, expecting a return to strong earnings growth this year. Maybe now investors/traders don't want to cut the market any slack moving forward? I don't know. I don't have to know the reason for the decline. All I have to do is see the Carnage in the A/D line.
I had thought there was the Bernie factor affecting the market. But now he is out of the picture too as the DNC has rigged the primaries against him.

So, we are left with a declining market and don't know why yet. The bond market is giving a reason, but very few want to listen.
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