widestrides

A Gold / GDX Trade: Part III

Hmm? I was thinking the opposite - going long gold and short the miners. I see a repeat performance of the general market revisiting March lows and taking the gold stocks with them, but with physical gold holding up much better and maybe even rising as a safe haven. It's a pair trade that could actually be more than a hedge. It could win BOTH ways. Silver is the wild card as it followed the market down as it was viewed as an industrial metal, not a safe haven investment like gold. GL