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)