Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of U.S. Gold
So what: Uh-oh. Gold appears to have fallen out of favor in the last week as investors' fears about Europe's debt are slowly reduced. The price of gold rallied some yesterday but is down 2.2% today, pushing gold-related stocks lower.
Now what: Gold explorers' earnings are leveraged by the price of gold, so when gold falls, they fall harder. But if you think gold is a great investment, this could be a nice discount with gold now trading near $1,600 per ounce, $300 lower than its peak. I'll stick with my short view on gold and stay away from miners that could be crushed if gold's nosedive continues.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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