Interesting purchases of 8 million GDX shares and 1.2 million GDXJ shares just before the bell yesterday.Everyone is expecting a bottom in gold and silver to happen sometime in late June so it is possible that the bottom will catch most people unaware by coming early.Deflation. Deflation. Deflation. The ECB is meeting this week with rumours of them cutting IRs further and/or QEing. There is even talk of negative IRs.
I noticed the same..the miners finished much better than gold. You could be right..if gold bounces early next week then this could be the begining upward of the next move or another fakeout..
The potential for a fakeout means we need to be a little patient here. I would like to see gold trade back through the coil before really getting on board.
"All that matters is the intermediate cycle count."I sincerely hope that is true, but the FED meddling is distorting any scientific analysis of these ridiculous markets.
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