Tuesday, October 25, 2016 10:25:26 AM
Yeah...
Ummm... I'll play along...
"Oh...I'm just a dummy and don't know a thing... wow..kitco...you must be super duper smart and so so impressive to be able to share a link"
There?
Did that make you feel better?
Look...
AUY and the gold trade WILL be in play...but they're not right now.
Here's proof:
Whenever there is a wrinkle in gold futures or the broader markets AUY slips 10%.
On days where AUY Should be firing (oh... you mean like FREAKING TODAY) when gold is higher, oil is strong, the broader markets are strong ...
YEAH! A DAY JUST LIKE TODAY...
AUY sits it out... can't even climb one full percent.
That's called recovery by the way...
When a stock gets beat up for some broad industry issue, it'll either recover and illustrate that it's oversold, or it won't recover, and illustrate that it's overbought.
But hey...
Thanks for the kitco link
Insert "oh by the way... I sold AUY at nearly 10% higher than where it is right now and you held and want to give lessons?" smiley face here
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