RE:Comparison KDX & KL OctKL got hit again dropping 6.5 % earlier this week I think Tuesday. Had it not been for the double whammy KL would be down as much as KLDX.
However KL is back up today 2 % and KLDX is struggling.
Crazy how KLDX is up yesterday to $ 3.17
(USD) at one point yet gold is DOWN $ 6 - $ 7 yesterday morning.
Now today gold is UP $ 5.20, and the shares languish at $ 3.10. Completely messed up market as I said before.
Gold equities have been under massive pressure since mid September. When gold goes up, the stocks barely move or stay flat. KL and KLDX the past two weeks now have felt the heat. Good time to buy right now since dirt cheap for these two names.
JIN
goldingot wrote: KDX down 16% off it's high for the month, KL down almost 23%.....