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Royal Nickel Corp. > Gold Miners Index On A Tear

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Comment by whosebidon Dec 18, 2018 11:33am

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Post# 29129237

RE:RE:Gold Miners Index On A Tear

The GDX is made up of all the big boys like Barrick, Newmont, Goldcorp.... the major gold producers. I looked at the GDXJ, which is the junior miners index, it has been running up strong as well. Of course the ETFs are not penny stocks so that is why these stocks like ABN, RNX, SIC, WM etc are sucking sh*t right now. The hardest hit during tax loss selling and easily manipulated. Yes.... the GLD, GDX and GDXJ are all rallying but the penny stocks being hammered and kept down. Go figure!

SLEDRECKS wrote: And half the miners I own are in the red....bizarre.

whosebid wrote: The GDX pushed through the 50 day moving average 10 trading days ago and has been moving up aggressively. Now it's hitting the 200 day MA and if it pushes through and holds above the 200, we all know what that means. The bulls have taken control.