Well, guess I'm timing it!! I think we are hitting at least a short term top on both gold and gold stocks.
Do not like Commecials getting short again so much in a single week. Unlike prior years Central Bank Gold Sales Jan YTD, are way behind schedule. We are likely to see some significant sales to rattle the market, IMO. Although Central Banks unlikely to meet their 500 tonne goal this year, they will likely hit at least 450 tonnes.
FWIW, I still have 18% of my portfolio in gold stocks, so I am not exactly under invested in the sector...
Right now I like US & Canadian T-bonds and cash, thank you very much. Sold a bit of my USO and DBO oil funds today as well. US T Bond 5% yield is just fine with me during tax season, makes it much more relaxing.
As for gold $800, I hope gold hits and maintains $850 so my AAU rights and warrants into CKG stock bear some torque. Sold just a bit of my EPM as well at C$.95 the other day. Exercised my AUY warrants acquired in PP and sold deep Jan 08 covered calls. My 2 largest gold stock positions now are AAU/CKG and EPM. Have a smathering left of AGI, KGI and EDV which are so low cost I can't stand paying capgains.
Good luck, am glad to see you remain bullish on gold stocks and even more glad to see most of those political posts have ceased...
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