How many times do we have to see this show? Gold is a piece of offal 361 days per annum. For that one really bad trading week, sans the Friday when people come to their senses and sell gold again, gold goes on a nice run.
During these 4 trading days of greatness, the gold bugs crawl out from their caves to declare martial law on equity markets. They order all women and children out of the markets and attempt to kill all men of military age.
As they chase these windmills, gold sets up to dump out again and again and again.
With the Dow off by 400, amidst panic and cataclysm, gold stocks are soaring.
BORING.
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LOL, every dog– or goldbug– has his day.
A good chance to sell calls against my GDX. Building a small position for second half of 2016
Nothing boring about it. It’s a good hedge.