GOLD STOCKS AND THE UPCOMING MASSIVE GDX REBALANCE

The 'tourist peels some GDX exposure off the sheets and the blowback is big

It was only six months ago that traders had sticky notes posted to their monitors that read, “there is never a rush to buy gold stocks.” You see, they had been burned so many times over the past few years climbing aboard rallies only to see them fail. Time and time again. The lack of any follow-through beat the optimism out of many of the most ardent go…