Gold for hedging

Today, the Feds chairman said the US economy is doing well. So, all the bulls are out in force. And gold was trampled. But what a wonderful hedging instrument! It is still over USD$1600 per oz where most of my gold producers can still make a good profit.

So today, I don't expect my portfolios to do well. I have too many gold stocks. Gold stocks gave me a lot of alpha so it will be their turn to suffer.