by Dave Kranzler, Investment Research Dynamics:
Follow the money. My friend and colleague, Nick of DenaliGuide’s Summit blog has done a short video to explain why the current trading action in gold and silver – although seems quite bearish – is really a non-event. The goal is to help ease everyone of the oppressive negative sentiment the has engulfed the precious metals investing community.
Some Nick’s “hidden” talking points include the fact that:
1) gold and silver bottomed in last June 2013
2) June 1st this year: gold is up almost 3%, silver is up just over 3%; GDX is up almost 20%
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