Hi Jeff,
We are looking for gold stocks to rally into Christmas but the momentum is concerning us as is our contradictory bullish outlook for bond yields hence we have no interest in increasing our position size at current levels. However as we saw in late September when markets get rattled and / or inflation fears rise gold seems to enjoy a bid tone, perhaps the latter will outweigh rising bond yields and gold will come back into favour. Importantly we believe the stocks in the sector are cheap if precious metals can hold current levels.
As an aside, I am hosting a Webinar next Thursday with Peter O’Connor from Shaw who has very strong views around Gold. Keep an eye out for details early next week – and of course it will be recorded and made available to members on the site.