What makes up the other 82%?Something to note..
GDX is basically trading inline with Gold today. Expect? Normal? sure..
Except when you look at what the components are doing. ABX is down 6.6% today. Why is that a bid deal?
ABX makes up 18% of the GDX and the ETF is still somehow up on the day. That is masking HUGE strength.
http://etfdb.com/etf/GDX/holdings/What makes up the other 82%?
That sounds great to me! I have fiat in hand, but I hate to buy at what looks like a temporary top....I hate them, on the other hand - I still have my big purchases coming due soon . Nothing sounds to me as good as calming "all in order" type of news right now!!
This author is calling for a pull back in gold over the next few months.Pull up a chart of 2005.. Lots of similarities IMO.. My guess is we should get 12-15% pullback on the miners.. 5-10% on the metal.. Once we get oversold, I'll say something.. It should be quick and make weak hands nervous.
I wouldn't do it for trading. If you are long term, you shouldn't really care. If you are trying to make a large purchase, it's best to wait for big down days.so...what you guys are sayin is...its probably not the best or even that great of time to trade in fiat for ASE's?