$40 cents club, page-1057

The DOW at record levels and the A$POG at record levels, while the US$POG has retreated, and is expected to pull back further next week by "experts".
BUT the GDX and the GDXJ are still technically in a downtrend.
A 10% retrace of the A$POG would still keep the uptrend intact, and the further consolidation of RED robust fundamentals ???
With a record quarterly profit in prospect, RED's SP remains relatively robust and somewhat disconnected from SLR ... hmmm.
A number of brokers have RED as BUY, but SLR as a HOLD, on the grounds of SLR low mine life etc, which begs the question, what happens to SLR's SP if GMD (or another entity) trumps SLR reverse takeover ??
Record levels of IOUSA debt, combined with low levels of savings and continuing inflation, mean the interest rate reductions will be slow and modest. What this means for the economy and the market remains to be seen - perhaps the day of reckoning will be Jan'25 when the new POTUS is sworn in - this is David Stockman's theory - he expects a market collapse of historic proportions ... lets hope NewRED is well established by then.
Meanwhile, I remain a nervous HOLDer.