I had a post back in July about some friends who insisted on holding an oil stock while oil was going down, focusing only on the stock and saying crazy things like “the market was up today, I can’t understand why my stock went down.” To which I’d say, “what did oil do?” And they’d shrug.

Gold and oil are both headed higher as the dollar heads lower, so we can pick and choose the stock whose action, volatility, etc we prefer, but as long as we have one eye on the underlying commodity and it’s moving in the right direction, all is well.

AEM, AEMLW, GG, SA, AUY are acting well in the gold sector. Nice wide range bar on that CSCO. Have a buy on it over 27.3 today. Traded OIH, DVN (looks great if 73 holds), ATI, PTEN, COG in the oils arena.