Long or Short on Gold Miners?
decisions decisions decisions
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the world was short for past 1-2 yrs, there has been some covering as of late. I personally knw of sizable positions covering. Sector has been extreme bearish, for it to get a 20% bounce would still be lows of past 5 years or so. i am long VGPMX in 401k and have small size in GDX.
trade might be exhausted at this point.
some firms down ~50-60% yoy, probably still heading downwards for a bit more (but really, who the fck knows)
Long POG.
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