And for you gold stock sports fans, I’d say that this happy macro news has accomplished something for you too; it has forced a gap fill on GDX, GDXJ and a whole bunch of gold miners.
We completely expected a pullback and I’ve already done all the profit taking I care to do. It remains to be seen however, if this is just going to be a flash gap fill or something more. But on the face of it I for one am relieved. Two gaps taken out in a frenzy of man, machine and casino patron reacting to the hype.
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