Gold up $20, GDXJ down $.90 or 2.4% .....

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#1 Thu, Aug 4, 2011 - 10:19am
Marblesonac
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Gold up $20, GDXJ down $.90 or 2.4% .....

Can anyone explain why the miners are getting slammed when gold is going crazy?

Just looks like more corruption to me.

Edited by: Marblesonac on Nov 8, 2014 - 5:20am
Thu, Aug 4, 2011 - 10:34am
Marblesonac
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I guess

That it must be the Hedgies going short miners/long bullion

Thu, Aug 4, 2011 - 10:50am
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Virbalis
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Thu, Aug 4, 2011 - 11:17am
ReachWest
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Mindless Algos

Mindless algo-trading machines set to sell (everything) on specific market decline (?)

Fundamentally the drop in good quality miners makes little sense (at least to me).

Thu, Aug 4, 2011 - 11:29am (Reply to #5)
zman
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Disgraceful performance

Disgraceful performance today, makes no sense to me. When Ben announces QE3, all bets are off, miners will soar.

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