Dead Wrong on Miners

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OK, Gary. Squash me like a grape. An overripe grape that blogs. I was wrong about GDX.

Indeed, after looking at the chart, I think this miners-oriented ETF has the potential to move to nearly $72 this year.. I entered the day short SLV, and I remain short. I had no position in GDX.

We'll see how precious metals shake out. But if GDX can move above its December high, the potential is sensational.

0617-gdx