this chart in GDX is ugly.
It easily craters to 08' levels if what happens in Europe with Spain or whatever does come to pass. It will be woodshedded. It will be Silence of the Lambs all over again.
just the mere fact that Goldbuggers denied that could ever happen again is seriously bearish. Meanwhile J. Hathaway, ancient cheerleader in pleated purple skirts and matching blouse has been called into the Principal's office and advised to switch over his wardrobe to pants. The varicose veins are too hideous to behold and attendance on Friday nites has been down as a result.
J. Sinclair last seen pulling a Floyd Patterson and stealing out of Connecticut on the Greyhound overrnight line, suitcase stuffed with fresh cash and mind already playing the tables in Vegas, his primary destination. He has donned a disguise with heavy Egyptian pancake base, a crude and villainous looking goatee and some dark lavender- tinted Elvis wrap arounds.