I dont know Wi, but it is obvious he knows more about this stock by far than the rest of you pumpsters combined. This was a easy short for many reasons. Dont get me wrong I enjoy your positive outlooks, but Wi has more common sense and knows how to read the market as it relates to AUY. By the way I sold my long position on friday and went short on monday. It was a easy read.
I wish I sold Friday. but I did sold today and took a small loss. But I think it's a short term correction for gold, but I will buy puts to try to get even. I think AUY will hit the 200 DMA before it turn north again. I will be short term bearish on gold and gold miners.
jia I agree with you, but IMO if you are not short do not chase it. I am also watching the 200 for a short ride upward.This market needs a pull back, but this is a short one. Look for them to run the s&p up to 1300 and then have a nice correction. IMO