All of the ‘good news’ coming out from Iraq is lending a hand to the rout in stocks today, which is also helping out all of the doom and gloomers in bloomers long GLD. Nonetheless, there’s a choice to be made here.
Do you remain long, weathering the storm and hoping we’ll be back to business as usual again?
Or, is it time to shift away from tech, biotech and overweight energy/gold?
Or, would you be chasing the energy/gold trade here, sort of a sell on the news scenario?
One thing is for certain: the gold and silver trade has been the best trade of 2014, thus far. It’s amusing since it was the worst trade of 2013. That goes to show you, just because a sector or a stock is down and everyone hates it, that doesn’t mean it’s not a solid contrarian bet.
Here are the biggest losers in the gold space over the past year. Perhaps they have the biggest upside potential now.
NAK
DRD
ANV
GORO
BVN
GFI
TGD
TRX
RIC
The biggest silver losers.
CDE
AG
HL
Industrial minerals
AAU
AXU
Conversely, do you buy the airlines here, down more than 5%, off this move in oil?
If you enjoy the content at iBankCoin, please follow us on Twitter
Le Fly,
TGD has activists trying to replace it’s board of directions ICAHN style. company has solid fundamentals and even at current gold prices has significant free cash flow. Worth looking into.
RIOM
So many questions!! Too much pressure on us readers!
Moments like these are when I like to ask myself, “What would King Tepper Do?”.
SVBL.
EGO ABX 2 of the finer names in the gold space IMO
AG still is the worst trade of 2014. Too bad because in the past, it was fun!
IMO: no, yes, yes, no
Put your gold in an airplane, take out some Geico insurance on it, short Berkshire hathaway and hide it in malaysia and make insurance claim that plane crashed and is lost at sea???
(too soon?)
Solar.
How can you ignore the drillers in this carnage?
Are you holding on to DRNA?
Not sure how I feel about TSLA giving their intellectual property away.
Chasing gold is a homo activity. Short it.
Canadian energy sector +21% YTD… Canadian mining lol you know most gold companies are Canadian.. and yes finished in green today ..
Happy trading,
Mr.P
Not Gold, but Gold Miners.
I sold my GDXJ into capitulation but held onto a very small bit of IAG and now gold is killing it.. I think it could have actually bottomed.. What do you think of Yamana? AUY supposedly they have one of the cheapest production costs.
Fly, with all due respect, NAK? The Don Quixote of mining?
buy gold in the morning, short it in the afternoon. rinse-repeat.