Monster offers every tick up in GDX, they also took Nem and SSRI to the woodshed all day, in an attempt to pull the whole sector down….that failed.
No sign of any worries in the short PM stox/long Au spread, they seem to think they can just pile more on..but it is now 25 % off it’s lows……at some point they have to try and get out and with no longs to sell in the stox, that will really hurt.
‘ave a gud ‘un one and all and a pox on the Scum…..