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To: NucTrader who wrote (423765)4/19/2013 8:38:51 AM
From: Rarebird  Respond to of 436258
 
Typically, the Miners bottom out in May. But what took place over the past week I would classify as massive panic selling and capitulation.

I severely doubt a V bottom happens in Mining land. There is too much fear of further draw downs for that to take place. Just about everyone is expecting lower prices.

In one year these shares will be significantly higher than the lows of this week:

GDX: $27.27

GDXJ: $11.28

GLDX: $3.68


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