Last week gold and gold stocks were falling, and further falls seemed a certainty.
Then word leaked out about GS's monster profit. The market started to buy back assets perceived as risky, including gold and gold stocks, and gold has retaken the $920 resistance and seems on track to crack through $930.
What to do? Trev has gone from zero to 20% gold stocks, and might go as far as 30% today, but I'm going to wait and see more of the reporting season before going all in.
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Last week gold and gold stocks were falling, and further falls...
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