What you both are missing is how easily it moved back to these levels and finished quite well. Your spec portion of your portfolio/account can't outperform long term unless you look for stocks with potential for large gains rather than 10 to 20 % moves. Gold will naturally move back above us$1350 at some point over the next couple of months you think despite the whipsawing of late. Once it turns back above $1300 it will see significant momentum from institutional traders and a likely over reach where Bloomberg "commentators" start talking about it retest highs. So at this point you would expect to see SLR and peers a conservative +100% of today's close. Just my view based on my experience.
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What you both are missing is how easily it moved back to these...
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