Gold Stocks
It’s nice to see them up and potentially breaking out
BUT they are trading in Lockstep with the General Indices…same %
We really need to see them trading up when the General Stocks are down.
It’s nice to see them up and potentially breaking out
BUT they are trading in Lockstep with the General Indices…same %
We really need to see them trading up when the General Stocks are down.
But we can still trade some of the PM stocks for locking some gains in the meanwhile, right, while we wait for the (eventual) next leg down?
I even sold some KL on Friday to lock in small gains … the uncertainty for what will happen on Monday morning is that high!
Havent you noticed ABX and NEM? They were up while markets down. The rest of miners will follow lead.
NEM has been a stunner, never crashed as much as the other big names like KL, and now just 3% below 52-week high.
Tells me that the big guys are accumulating it and/or advising their clients to buy and hold.