Tuesday, December 5, 2017 1:26 PM EST
Now in its seventh year of its own bear market, gold remains a complete piece of crap, as trendlines break and gold bugs pull out their hair looking at Bitcoin charts.
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And naturally miners are plunging in sympathy:
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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
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Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
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You put it better than anyone else looking at the gold market : "a complete piece of crap." I can't see any reason yet to even consider getting back into gold stocks. I closed my GDX puts today, but I'm still a long way from considering long positions.