Post by
theCurse on Apr 11, 2024 11:49am
Slowly closing in on GDX...
Recovering nicely wrt GDX
https://schrts.co/ZtcjMIwW (EDV vs GDX)
Unfortunately, despite all-time highs in the POG, gold stocks seriously lag.
April 19 2022 - GDX $41.61 - EDV $34.02 - POG $1,964
(highest GDX over the last couple of years)
April 10 2024 - - GDX $34.06 - EDV $30.19 - POG $2,360
I did sell 1/2 my positions in non-taxable/trading accounts earlier this week after multiple buys prior to the ex-div date when it was beat up with all the bad news. dividend plus 25-30% May sell more on any additional strength. Nice profit and some chance of a big POG correction.
tC
Comment by
galnakon on Apr 12, 2024 8:59am
Yes, EDV has been outperforming peers greatly for the last few days... Finally. Gold stocks’ 20 year underperformance may have ended recently with a double bottom. https://www.gold-eagle.com/sites/default/files/images2020/jc040624-11.jpg