Quote:
Originally Posted by Unregistered
GDX gap down..$60 now..
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Yes. I talked about an immediate rise after the signal and then a drawn down (1-8%) before the index takes off. I didn't write that the drawn down is between 1-8%. This happened in 1979 and 2005, both time, before the gold stocks took off. If the market don't crash further, this should be about it. However, the market is in a panic mode and thing can be overshoot, more than over done. If it becomes too bad, FED can always announce QE3.