My sentiments exactly. I've been following the charts of gold miners closely and SLR is currently in a very similar position to RMS. As this sector was so out of favour previously, confidence seems to be coming back in dribs and drabs. People are used to gold going up and all quality gold miners going up at the same time. This is not happening at the moment so there is a high level of frustration. I observed this exact same frustration with RSG before it rebounded and then PRU before it rebounded (Neither at the same time).
I still think we are in the very beginning of a new multi-year gold uptrend. We will know that investor confidence has "really" returned to the gold sector when we see days where most goldies are up over 7%. This has not yet occurred which leads me to believe that investors/funds are still treading carefully which provides an amazing opportunity to get on board the gold train IMO. In regards to SLR or any other stock for that matter, nobody knows exactly what's going to happen. However, stocks can often stay oversold or overbought for much longer than expected.
SLR Price at posting:
44.3¢ Sentiment: Buy Disclosure: Held
