OTCPK:MEAOD - Post by User
Comment by
mstettleron May 11, 2016 3:19pm
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Post# 24863168
RE:RE:Gold RT
RE:RE:Gold RTI should add to my previous post - I don't like the action I'm seeing in the market today. Closed some profitible positions.
For some reason the gold shares are being hyper sensitive to very small declines in the gold price today. One hour after market open the GDXJ had actually gone from +4% to slightly negative on a 6 dollar decline in the price of gold.
Obviously there are some nervous traders out there booking profits. The price of gold itself looks good though. We will see if the shares continue to lead.