Thursday, January 14, 2010
Gold Stocks, Where Are You?
Major Gold stock indices are acting poorly right now despite a strong Gold price. This is not what I expected and not healthy. Though this may well be a short-term fake out, I have locked in some good profits on leveraged positions/options in GDXJ and some small losses in options on GG. Can't post charts or further comments right now. Remain long physical Gold and many different Gold stocks in non-leveraged positions. I hope to re-enter option positions in GDXJ and GG at better prices. I may regret this decision but I have learned the hard way how fast losses can pile up in neglected option positions.