Based on the median returns for over 200 industries analyzed in Exodus, biotechs, solar and semis have the biggest gains over the past week. I don’t have time to delve into individual names and you’re not babies. Enough with the hand holding already.
What’s interesting to me, and of note, is the sell-off in gold. Full disclosure, I loathe gold, always have and always will. But, it is the top performing index this year and has proven to be resilient and defensive in the face of market weakness.
So, do we buy this 5.5% drop in gold stocks? If so, which ones?
The largest by cap is ABX, NEM and GG, all down between 3-5%. That’s not much of a discount.
Here are the biggest 1-week losers in the space, that aren’t penny stocks.
DRD -11%
NG -10.7%
NGD -10.6%
KGC -10%
Do you still loathe oil and oil stocks?
Of course
Hm… Dr Fly is slowly turning bullish. Perhaps I need to revise my ultra bullish thesis about this rally. After this post, my mentality of “buying on every dip” has been suspended.