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Who's buyig all the PM miners today?

beebee
edited August 2013 in Fund Discussions
Anyone getting a sense that PM miners are oversold?

A couple of articles with differing opinions:
were-in-for-a-long-bottom-mining-expert-brent-cook

buy-the-miners-a-gold-myth-debunked

Here's some of what USAGX holds and its % Gain/Loss today...yesterday was just as volatile in the other direction:

image

Comments

  • scott
    edited August 2013
    I still go with the idea that if I was going to do or recommend anything related to metals, I'd say buy CEF, which is still trading at a discount.
  • CharlesCharles
    Would be good to see turnaround here, finally, certainly for the industrial materials.
  • ron
    I've owned GDX for I don't know how long and of course, not made any money.
    Market Vectors Gold Miners ETF 26.03 Up 2.09 Up 8.44%
  • CharlesCharles
    edited August 2013
    Might read timely Whitebox 2Q commentary on topic, which I just posted. Ditto for recent ASTON River Road 2Q commentaries.
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