Here’s our next addition to our investment portfolio:
Continue readingGG
MorningWord 12/4/13: GDX hit its lowest level since November 2008 yesterday, and is now down 69% from its peak in September 2011. Quite a picture of wealth destruction. While the descent in the gold miners …
Continue readingGDX is trading above its 50 day moving average for the first time since October 2012. That’s quite a 9 month streak of weakness, paralleled by the steep downtrend in gold and silver in that …
Continue reading
Jefferies downgraded a slew of gold miners today, arguing that “with short reserve lives, rising costs, rising political risks, and a stagnant commodity price” the entire group remained unattractive and overvalued. Putting aside the fact …
Continue readingThe gold miners have had a miraculous fall from grace in the past 2 years. Here is the chart of the GDX ETF over the past 5 years, illustrating the speedy run-up and even more …
Continue readingThe commodity market has been on a tear in the past couple weeks, anticipating further easing from Bernanke and Co. at their announcement tomorrow. Mr. Draghi has already delivered the goods. The commodity market is …
Continue reading