Since you're using a specific stock, Goldman, to compare to a couple of indexes, then I will too. Aurelian knocks the socks off Goldman and most anything else during that time frame.
Yes, that's cherry picking, I know. But how many of us on SI buy an index versus how many pick individual stocks? Most here buy stocks. The HUI being down doesn't mean all gold traders lost. I distinguish between gold traders and gold bugs, as there are far more traders than bugs.
Now is gold and the HUI about to turn down? Well, it is getting to be that time of year. Patterns are made to eventually be broken, but until that time, it can be painful to fight established patterns.
So until proven otherwise, traders should be halfway out the exit already. If the pattern breaks, one can easily step back in. If not, the trader completes his exit before major pain occurs.
Traders, not bugs. |
