I've never been hedged in terms of selling options
you know 'old dogs & new tricks' that's me
have played around with DUST & NUGT but with no measurable success
I'm assuming you are genuinely interested
I know that you don't need a reminder, but see how quickly the mere mention pf disturbing observations earns one the reputation of being SHORT? never fails
only feel good patter is tolerated even when the facts are verifiable not opinion or hearsay
the HUI behaves unconvinced & GG is losing leadership momentum
In terms of extent & duration, this asset class continues to show no class or favor, if one considers the momentum of the current recovery
on2nd thought in spite of HUI.ABX & NEM aren't doing any better than GG
this sector needs a thorogh fumigation
gee we did it already!
and in the 2nd week of the new month during the time of ebbing seasonal strength
I can hardly wait for the CRIMEX bullies to enter the playground!
After 4 weeks of lower high's & higher lo's we must be in for the breakout/down
avoid another April/2013 reality check?
As an Asset Class trading @13% of the S&P well below its 2008 lo, I feel not without taking Equities & Oil with it!
Given their performance from the 9/2011 peak, I'd say that they already have, wouldn't you?
as a point in fact, until that peak the secular bull mkt in the miners(HUI) barrelled upward in spite of the 2000 bear mkt for equities
They did correlate with equities during the #2007 bear mkt but they bottomed (Oct & Nov) before the S&P (Mar) and cont'd to rise along with equities UNTIL 9/11
Since that day of infamy, they have diverged form the equity mkts and tripped into a cyclical bear mkt of 27 months. (most equity bear mkts last 14 months but I guess 27 months down after 60 months up in Leg#1 and another 36 months up in Leg#2, maybe it deserved the pasting it got. With hindsight mining mis mgmt's had a big role in that horror story.)
which leaves us with the imp questions
are miners in a secular bear mkt?
If the equities mkts continue to rise, will miners tag along?
if equities are topping can miners decouple?
With the HUI @ 13% of the S&P down from 54% in 9/11 and below 2008's 18% I'd say miners got their comeuppance wouldn't you?
while I hope/think this consolidation is different than the Aug/2013 variety which led to the winter collapse,it pays to take note of congestion patterns which can morph into either continuation patterns or distribution ones that's all I'm saying
That GG is 'consolidating' ABOVE the Oct hi pivot point is a positive sign in as much as neither AU or the HUI has managed to do that let alone consolidate above them.as I've said before
"what have you done for me lately"rules the mkt
UNTIL the S&P makes a NEW intra day hi. You then use that day's lo as the trgger
towelheads may require tutorage
as it did @ the bottom, which in hindset was a good tradable bottom
may we be so fortunate that the price activity of the past 4 weeks is consolidation and not distribution
how sophisticated can shareholders be?
Can you shorn sheeple 3 times a year?
a price that represents an ExDivi price 2 years ago
forget that my 11K stands in the way
a real Fantasy Island Market engineered by none other than Chestnov-thr-Merciless