JSH, I like gold long term, but I have lightened my holdings of Newmont and Barrick during this rally. They have made relatively massive moves up considering the rather modest move in the price of the metal, which, of course, is why we often prefer stocks to metal. But, right now, I think the metal has to catch up. One good thing, the recovery in NEM, ABX, and SWC has made my cap gains portfolio smile again. However, my largest precious metals holding, Impala Platinum, has gone up but not nearly as much.
MB |
