chandldj
GDX got crushed with everything else in 2008 even as gold went up. Makes no sense, but what does make sense in the market?
SIL - Silver Miners are now breaking out of a multi-year downtrend started in April 2011. Silver itself has little resistance on its way up to $21. The last time silver was at $19.50, SIL was in the $38 to $44 range. Now is the chance for silver miners to finally catch up in value to the silver price.
If we break through this $1510 area we go to $1615 quickly.
CDE is a great buy here as the stock has broken out of a 8 year down trend starting in 2011. CDE has lagged other silver miners slightly during these recent silver breakout (). They are optimizing recovery and costs at current claims and have a great deal of exploration and potential for new claims in the works. They have suffered from aggressive short selling...
Gold/Silver ratio at near record highs... silver breaking out from a 2 year down cycle.