The gold price has now dropped below its 200 day moving average, which is not a good sign.
SLR has held up very well today, when one considers that every other gold stock is getting slammed. Shows what a great quality goldie it is, but it is no longer the no brainer it was when the gold price was over $1,700.
Best to sit on the side lines in my opinion and wait for the POG to bottom out.
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