patrick.net

There must be some mistake, Mush is never wrong.

If he lost a bunch of money for his investors I'm sure he'll post a mea culpa and thorough analysis of the failure, right?

SFace says

A lot of it is probably done in Oct-Nov, but I do expect more tax loss selling in December.

This year there may be much more in December because there are huge capital gains in other sectors. Although I don't see that much selling to realize capital gains.

Last year, HPQ was oversold for the same reason. Big cap stock that got killed, and then bounced a lot in 2013.

I believe GDX can get back to 30-32 area quickly next year unless there is a big stock market sell off.

I have no argument with respect to Mish being a loser. He was screaming deflation and buying treasuries while the market doubled. He lost all along the way.

epic fail

It is insane to put significant amount of money in miners, notwithstanding a basket of them which are all the same.

If you love gold, just put 10% in an index. If you put significant money on them, you are begging to be not being able to sleep.

This is from a year and a half ago.

I don't know. If someone were a contrarian on all of the deflation talk, it might be nearly time to buy an index of mining stocks.

http://finance.yahoo.com/echarts?s=GDX+Interactive#%7B%22range%22%3A%225y%22%2C%22scale%22%3A%22linear%22%7D