The Soros Position Nobody is Talking About

http://bullmarketthinking.com/the-soros-position-nobody-is-talking-about/

Potential reversal for gold miners

http://www.marketwatch.com/story/potential-reversal-for-gold-miners-2012-05-09?siteid=yhoof2

Gold: The hedge against political stupidity

http://money.cnn.com/2011/11/03/markets/thebuzz/index.htm?iid=HP_LN 

One correction in the article:  GLD is the ETF that attempts to track the price of spot gold (and allegedly is partially backed by physical gold bullion).  GDX is the ETF that is an index of gold mining company shares.  The article mistakenly says this about influential hedge fund manager David Einhorn:

He said his firm has shifted some money into the Market Vectors Gold Miners ETF (GLD), adding that he expected gold prices to continue to rise.

That can't be true.  He either bought GLD or GDX, which is the Market Vectors Gold Miners ETF.  See http://finance.yahoo.com/q?s=gdx&ql=1

So take it from me--your trusted source about everything related to precious metals.  Even the "experts" can get it wrong.

Accumulation

The only sector in the equities market showing accumulation is the precious metals mining sector (the GDX ETF is a good proxy). Check the share volume numbers over the last five years.

Whether you believe we started a new bull market since March 2009, or we are in the midst of a rebound within a secular bear market, the volume has to mirror the price action to be confirmatory. Other sectors are showing declining volume, despite higher prices, which is non-confirming. Liquidity injections (like the most recent $1 trillion Euro bailout) may prop up equities, but the foundation could be built on tooth picks.

See disclaimers on side bar.

Disclosure: long precious metals mining shares, long some biotechs, and natural gas pipeline companies.

GDX vs. GDXJ

A few have invested in GDX, the ETF tracking major gold producers, in an effort to gain more leverage and upside for the increasing price of gold. Here's a synopsis of the differences between GDX and GDXJ, the newest entrant in gold mining shares.

http://www.hardassetsinvestor.com/features-and-interviews/1870-rethinking-gold-miner-etfs.html