GREY:GIXEF - Post by User
Comment by
edmedon Jul 21, 2015 10:05am
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Post# 23944287
RE:How low will she go?
RE:How low will she go?
I actually bought some of the gold miners index yesterday. Just Dipping a toes in mind you. First time buying in over a year. It really did looks like capitulation yesterday in the mining sector. No body wants to own any mining stock these days it seems NUGT trading to 3.60. 3 years ago when gold price was 1200 NUGT was trading at 20 Talk about FEAR and blood in the streets. I think our GIX is going to have to stay hunkered down in their foxhole for about another year. Commodities and gold will have to bottom first and then this whole China thing is going to have to sort itself out with the rising Interest rates in the US due to begin this year. Not of it good for commodity prices I am afraid.