I was truly incorrect in the 'gold stocks are a buy vs. the broad market' notion as I got bullish on a risk vs. reward basis too soon after being cautious on the PM's out of the Euro crisis. And I am not even going to blame the treasury yield manipulators, either. Just wrong is all.
Yet we (in NFTRH) have been guarded the sector since nominal Huey (by daily chart) failed to make a higher high in February. It is with mixed feelings I watch the sector get pummeled, with most of the negative feelings being related to what I consider morally bankrupt policy making. On the positive side, there will come a day, I'll be ready and... I'll get you my pretty. Oh yes I will.