Not sure if you remember when they were expecting 1/2 point and gave us 1/4 point, but as soon as it was announced, the markets and miners fell and I got in SKF at $87 and shorted my miners.
As for the POG, you're thinking the same way everyone on GIM has been this week saying when they cut POG is gonna blast off. This isn't the case cause in December POG fell big as well. The reason is the markets price in these cuts (even the gold market). It's not like gold will pop on any cut. They have 3/4 fully priced in so if we get 1/2 point, gold WILL take a hit.
I've learned this lesson the hard way in the past.
Remember losing money is worse than missing out on a gain.
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1 comment:
Good point on the expectations being less than expected.
AZK is vertical and looks to be dropping.
Wouldn't DZZ be a good play here?
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