GDXJ - Market Vectors Junior Gold Miners Index Message Board

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Gold/Mining/Energy : GDXJ - Market Vectors Junior Gold Miners Index

GDXJ 93.63

-1.4%

Oct 31 5:00 PM EST

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From: Tommaso	11/13/2009 2:24:46 PM
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Because I have been talking up NGD for more than a year, I guess, I had better post that this morning I sold virtually all of my huge position. I replaced it with GDXJ, GLD, and the platinum producer IMPUY (Impala Platinum). This may have been ill-considered, but I had the experience of hanging onto a small coal producer some years ago whose management kept issuing happy reports until suddenly they closed what was supposed to be their best prospect. The stock slid drastically. It's still quite possible that everything will work out just fine for NGD. But after quadrupling my money, I think I will step aside for a while. No tax consequences--all in IRAs.

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