Kipp, I am thinking to use this strategy: Since most gold miners are priced in 500 dollar or less gold, why not long low cost gold miners and short some gold as the hedge? If gold stabilized, I should make a lot of money long the miners as the cost from oil to labor are coming down. If gold comes down, gold miner may or may not come down as it is already priced in a lot lower gold, but I am making money on the hedge. If gold goes up, I will lose money on gold hedge, but make more money on the gold stocks as they are likely to outperform.
I have been shorting oil and long low cost oil producers like POE.v, so far so good, even as oil tanked.
Buy cheap, undiscovered stocks!
Disclosure: I usually own the stocks I post the most. The more I discuss, the more shares I own. Do you own DD before placing the trades.
Please post stock symbols first in all your posts.
Buy cheap, undiscovered stocks!
Disclosure: I usually own the stocks I post the most. The more I discuss, the more shares I own. Do you own DD before placing the trades.
Please post stock symbols first in all your posts.
