enrico shed some slw last week maybe more thihttps://www.gold-eagle.com/editorials_05/orlandini031007.html
"Before I move on, I would like to say a few words about gold stocks. I have been holding Buenaventura (BVN), Coeur D Alene (CDE), Goldcorp (GG), Newmont (NEM), Royal Gold (RGLD), and Silver Wheaton (SLW) for three years. Then last week I sold 25% of my portfolio and I may sell as much as 25% more tomorrow. How can I be bullish gold and bearish gold stocks? It's not as complicated as it sounds. Gold is reacting to rising prices, among other things, while the gold stocks are reacting to a falling Dow. I postulated some time ago that once the Dow rolls over, gold stocks could fall for as long as six months as people throw the baby out with the bath water. They sell what's liquid in order to pay off what isn't (mortgages, credit card debt, margin calls, etc.,…). Nothing I've seen to date has changed my mind."