Gold price, page-11791

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fightinggreed

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19/04/17

18:39

Post #: 24149535
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Originally posted by flaming ↑

Hi Guys,

Of the all the problems this was least expected.

The Van Eck Trade.

So some funds have front run the Van Eck trade and short sold not just BDR but lots of other goldies in the GDXJ.(Some genuinely sold and some must have been short sold)
The actual re-balancing is on the 16th June 2017. That is almost 2 months away. So these funds are not expecting any rise in gold price until then, OR they must think the stocks are not going anywhere but down.
What if gold breaches 1300 or above, will they still keep selling gold stocks.....!!!!!
That is one hell of a gamble. Last time I checked Van Eck haven't sold much yet.
What if some funds approach Van Eck and transfer the unwanted shares Off-market.

No doubt, has caused me extreme pain and misery being a strong believer in GOLD and BDR.
Have not sold any. Extremely frustrated not being able to buy here.....there are bargains all around.
Honestly have run out of money to buy anymore. Can't sell the house to buy stocks.
Exhausted....no one has unlimited money.

Now waiting for the shorts to be punished severely. Can't be us longs always feeling the pain.

All the best.

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Rotated out of NST and EVN today to buy BDR after the GDXJ sell off. Thank you Mr Van Eck for the cheap as chips entry point.

Cheers,
Tim.

BDR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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Gold price, page-11791

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