gdx has pierced the 200dma today , and is above it as i write this. a close or 2 or3 will attract institutional money. the miners are about to go from hated to loved. i have seen this show once before. of course it doesnt change drastically overnight
the sector in stealth mode gets more and more constructive every day. watching it unfold before my eyes. the fed is now between a rock and a hard place. if they raise rates the path of the stock market( the real economy) may tank! if they back peddle and dont raise rates it puts uncertainty into the markets. "hey maybe the economy is not as strong as everyone thought" my feeling is gold might rip higher in either event . maund who?
dharma
so the question arises where does all this lead. when i discovered this board i stated we are in for stagflation. this is a possibility , weimar or venezuela here is a 1st hand account of life in venezuela . be very careful what you wish for. just as there are no volckers at the fed. our leaders have lost their way since say jfk oh yeah he had principles ,
