During yesterday’s amazing rush-up on gold (making Q1 2016 the best quarter for gold in thirty YEARS, and we’re not even halfway into the quarter yet!) I did a post stating I was shorting the miners into the strength (in dollar terms. Heh.) To be specific, I am short GDX (big), RGLD (small), and SLW (small). Judging from pre-market action, that looks like a good move.
To be clear, however, just as I think a bear market in equities started last year, I believe a bull market in gold has begun as of just a couple of months ago. We’ve escaped the channel, and once we get a little selling, I think we’re in for a push higher.
