Out With The Old FANGS In With The New FANGS
The FANGS have topped and are stubbornly starting to rollover. The new FANGS (Fantastic Gold Stocks) led by NEM are about to become the next institutional darlings that get driven up to the stratosphere. As stated recently, a pairs trade instituted on the day after AAPL’s split, whereby you short AAPL and buy NEM will be profitable over 1, 2 and 3 year period.