RE:RE:RE:Possible Breakout Soonmarketsense wrote: BMO single handed selling just crushing TGZ. Gold is down $1.5 and TGZ down 7.69%!
Absolutely idotic IMO. Next month these daytrading morons will all be back buying much
higher when ist quarter financials come out. POG if it holds around these levels, will be
very positive for TGZ despite the short tern BS going on right now.
Does BMO has a gold miner ETF or a mutual fund. Yes they do !!. Now, you will get your answer. Index rebalancings happening tomorrow. Lot of funds will be squaring positions. And then expect more of it next week which will be End of Quarter rebalancing.
I agree with you on one thing. These morons will be buying back at a higher price. ETFs especially index tracking ETFs are dumb money. They will always sell at the low and buy at the high.