See the February 26, 2006 post for earlier comments and references. Both the continued direction of the Gold/XAU ratio and the downcross of the MACD of Newmont/American Barrick ratio confirm that this isn't a good time for gold stocks. If one is a trader it would have been, and may still be, a time to be lighter on longs, or be short, or hedged. Or to weight more heavily toward the hedged gold stocks of which ABX is the prime example.
Personal preferences and portfolio considerations vary so much that even an investment advisor, which I am not, cannot give ideal suggestions for everyone.
If one has been waiting to buy or add on to long gold stock positions, one can begin to plan how to do that. Some people prefer to buy in gradually in small increments ("scale in"); some like doing the same only on big down days; and some want to wait until they get reliable buy signals to begin buying. No one can say with authority when the buy point will come and at what price level.
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