Well that seems to be holding true for the SM, remains to be seen for the pm market. So far we’re holding up pretty well considering some minor USD strength which seems to be offset by some falling rates…
Sold my GG calls yesterday for a 30% gain – which wasn’t much in dollars but a gain none the less. Bought some SLW calls with the proceeds.
The boys re sitting on the usual suspects to keep the HUI capped – NEM, GFI, etc…