RE:Sounds logical butI found three things are great indicators on when to buy or sell gold stocks. All are bullish right now.
1. The Bullish Gold Miners percentage is a great tool....anytime the RSI is above 70, gold markets are getting a bit stretched. Anytime it is below 30 gold stocks are normally a buy.
https://stockcharts.com/h-sc/ui?s=$bpgdm
2. Stewart Thomson...he really sees the macro well and has great insight on foreign gold, bond and currency markets. I don't think anyone has got it better the last few years.
https://www.321gold.com/editorials/thomson_s/thomson_s_090616.html
3. Adam Hamilton....he doesn't post as often but he is right there with Stewart Thomson. Top notch.
https://www.321gold.com/editorials/hamilton/hamilton090916.html
None of the above matter if you get good or bad fundamental news out of a company. Management is the most important thing. If OGC gets down to $3.85, I think it will only be on a crashing gold price or horrible news out of one of the mine sites. The Philippine's is key right now but after reading all the news about the audit, I think OGC is as safe as any miner with the best record so I don't think it will happen. FWIW, I think OGC's management is doing a great job and has shown it gets the job done. The same can be said about NGD. I own it and I like it too despite it's recent drop. I should probably buy more. GLTA.