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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: stuffbug who wrote (54632)10/4/2016 7:10:09 PM
From: Andrew1 Recommendation

Recommended By
dara

  Read Replies (1) | Respond to of 60900
 
The way I see it there's so much messed up in the world/markets with -negative interest rates and central bank craziness and DB and Italian banks and the fighting going on everywhere that when the 2 main safe havens get stomped because they might raise rates 1/4 point or whatever its getting blamed on I figure I can buy some regardless that it looks like a knife.

You're right it could go down more in that case I'm prepared to allocate a higher percentage of my accts to PMs. This smackdown could end up the mother of all buying opps. We shall see but whats changed?



To: stuffbug who wrote (54632)10/5/2016 12:30:35 PM
From: stuffbug1 Recommendation

Recommended By
dara

  Read Replies (2) | Respond to of 60900
 
My thesis that value managers are buying appears to be well supported.

GDX number of outstanding units increased by almost 15 million yesterday.

Based on the closing price, VanEck, the ETF manager received funds totaling $350 million.

Gold stocks are moving from weak hands to strong hands.
The next rally should be a real doozy because the value managers aren't interested in flipping for a profit of a few percentage points.
Until then, nimble DUST daytraders will score big at the leveraged bets table.