[Slider what`s a maa ter nothing ta say now punk??]
... well actually what I have to say is this:
I'm glad I took 1/2 off the table a couple of days ago, a little bit more yesterday & a little bit more at the open - ie: my post on the "food for thought technicals" - last night & my post this morning warning to keep raising stops up tight behind the move & to be a Pig that gets fat, but not a hog that gets slaughtered... quote/unquote.
What more would you want me to do Postal (VBG) ?
I've taken about 2/3rds off the table - am letting the other 3rd stay in here; but at any give moment - I may be totally out, or all the way back in; depending on the news, POG movement, lease rates, info on the derivative markets, further mine shutdowns, company insolvencies, technical tape action in reaction to economic reports , currency markets & moves in money supply.
Excess money supply debases the dollar and adds inflationary pressure - and the present ramp of money supply is good for gold. You make your bets...
... but; don't shed any tears for those who didn't take profits yet; because the HUI is STILL up about 93% over the last 30 weeks... and has STILL outperformed any subsector within the oilpatch and the DOW, the S&P and obviously the NAZ by a factor of 5 to 25 over that broad timeframe... and this Gold story is far, far from over Cliffie. A welcome pause that refreshes & lets new money in... still time for ole' KGC to pay for that implant there Limpy... think about it... you'll thank me & your wife will thank me and Pfizer will thank me...
Po-po pitifull goldbugs... huh (roflmao) ?
Postal; I think most threadsters here know how to protect their profits, use stops, rotate to laggards etc... after all; "they" weren't the one's who "max-margined" into a NAZ-Tech wreck... "more than once"...
- to steal a Charles Bronson movie line...
"I got mellons to pick"
Ciao~
PS: How long do you think the market is going to ignore those API builds & AGA adds "into a slowing US economy" ?
... that's a rhetorical question by the way Postal.
Shorting Black Gold & long the yellow... |
