Why is GDX/J so unresponsive to gold price?
Our XJO is pulling back off a record high and the talk about tapering is getting louder. The 1st shot about to fire could be Nasdaq, the most IR sensitive index. I am not sure in a big sell off globally can gold or the sector play defensive. I still recall March last year when all sectors crashed.
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Why is GDX/J so unresponsive to gold price? Our XJO is pulling...
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