Wednesday, April 18, 2012

WTF gold stocks?

It's very disturbing how poorly gold stocks have been performing in light of the overall trend in the market, strength in gold, and continued indications that the USG will do whatever is necessary to keep this phony baloney economy going.

Newmont, where I've stuck a significant amount of money, is trading just off a 52 week low.  The only good news is that the dividend yield is so high that I can't imagine it going much lower.

In fact, I'm gonna call a bottom here.  I'm bullish on NEM.