Gold stocks have been plucky, hanging in there after Monday’s drop. I have covered my DUST positions not really for that reason, but for what silver is doing. It is starting to flash bullish nominally, it is bouncing in gold terms and the silver miners have been out-performing silver and are breaking to a new relative high.
Bottom Line: I am not going to look a gift hedge in the mouth when it is a hedge on a sector on which I am still bullish. Wish I’d sold it on Monday, but that’s show biz. Here is SIL/SLV flashing something that sure does not look bearish for the precious metals complex.
