Iso,
Too busy trading to post earlier and then I have promised myself to go to the gym regularly during the trading day, so I was out until 3pm.
<<That cash we raised the past few days IS King today.>>
Strongly agree. You are also correct about the leaders WHEN the rally resumes, but in the meantime I expect weakness along with all the other sectors. The miners I still have are too cheap (famous last words) and thinly traded to sell, so I sold many energy stocks like DYOLF which held up well but under large volume indicating distribution. I may get them back cheaper or maybe not, but I want the cash for the blue light specials. IMO, it is still too early to buy most stocks, but I will nibble... always with the understanding that prices may go lower.
Currently 43% Au/Ag, 14% PGMs, 5% Base Metals, 30% cash, the remaining 8% is mostly energy related.
Regards,
vt |
