Tuesday, August 4, 2015

This Is What a Gold-Stock Bottom Looks Like


Gold stocks collapsed last week.
 
The Market Vectors Gold Miners Fund (GDX) – which holds the shares of most major gold producers – was down 15% on Thursday's close. On Friday, it traded as low as $13.17 per share... its lowest price ever.
 
But two hours before the end of trading, GDX reversed into positive territory. And it closed 3.4% higher on the day.  (more)

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