Friday, February 12, 2016 11:30 AM EDT
During yesterday’s amazing rush-up on gold (making Q1 2016 the best quarter for gold in thirty YEARS, and we’re not even halfway into the quarter yet!) I did a post stating I was shorting the miners into the strength (in dollar terms. Heh.) To be specific, I am short GDX (big), RGLD (small), and SLW (small). Judging from pre-market action, that looks like a good move.
To be clear, however, just as I think a bear market in equities started last year, I believe a bull market in gold has begun as of just a couple of months ago. We’ve escaped the channel, and once we get a little selling, I think we’re in for a push higher.
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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