Looks like the HF shake out money from the oil sector came into the pms on the short side. Very interesting. I don't see it so much as smart money, as big and fast and slavish to patterns. They expect a deep correction in gold stocks.
I'm a small time player right now. Usually playing in the money calls and farely short term. I know the biggest decay occurs in the last 2 weeks. Five weeks would be a good number. I am trying to get to a mix of short and long term plays. Gold and Oil will win long term I have not doubt. I am pretty much a rookie but learning fast and I enjoy you and Reb. Great posts.
Agree. Look for a fast and furious correction in gold and PM stocks. Pick an excuse... Higher employment figure on Friday, rate hike, etc. It does not matter they are taking gold back to $427. Maybe even a shake-out to $400?