When old Wrong Way Gartman was on Fast Money last night (2-28) saying buy gold and sell oil, I figured today would be bad for precious metals.
Guy (Late-to-the-party) Adami, who seems to become convinced of an investment just as its run is ending, pitched silver on Fast Money last night, too; a double whammy.
So, gold, down, silver crushed today, and Kimber finally slips to several of my buy points. I guess it wasn't a total wipeout. Sold my DZZ gold hedge too early and ZSL silver hedge too late, but still it took away some of the pain of today's PMs decline. Plus picked up Kimber at a price I think will prove to be cheap.