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Wednesday, March 20, 2013

Gold miners

Gold miner ETF GDX recently hit under 36 bucks a share, quite a fall from 55 in september.
And the overall market is hitting new highs, something that i am sure leaves a bad taste in everyone's mouth.

I have been having second thoughts on long term for gold miners, I'll share them in a post hopefully soon.
But looking at the charts, longer term trends, and price of gold, I am adding a little here.

I stayed out of miners for over a year, to get in just before it rallied and crashed....lower than before I got in.
Not a nice experience, but, timing stocks perfectly is not how you win, its being in for the next rise, no matter when getting in happened.

Good luck.

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