Loading ...Have we been too busy solving the world’s problems and not keeping a small eye on the prize? I have done well to forget, but looking back, the week of March 9 must have been a real crapola. It took gold down to 1150. Since the big take down yesterday, I decided it was time to check over about 70-80 of the stocks I have NOT been keeping track of lately. First off, yesterday’s take down didn’t do much damage. Some stocks even went up. Is that a clue? And after the week of March 9, most of the G/S stocks I track were up 10 – 20%, some more.
For proof, just check GDXJ, GDX, and GDJS. They pretty much reflect what I found in the individual stocks. This move has been running for about 6 weeks, and yesterday would have been a good opportunity to take it down. I don’t call bottoms, but we all know stocks can lead G & S. 1180 is an important number right now. We’re going to break out sometime, why not right now?