Club Mulgoa

Thursday, February 14, 2013

Gold stocks

I collected a lot of alpha today.  About time too!

However, the gold sector was punished due to falling POG.  Yet gold has not tumbled.  It is just yoyoing.  It is still above USD$1600 and has remained above that level for a while now.

Today, ABU, ERM, GOR, PRU, LSA, SLR were all in negative territory.  Otherwise, my alpha would have been even more spectacular.  However, I don't lose hope in gold due to simple arithmetic.  People are abandoning gold stocks for sentiment reason, like lemmings.

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