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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack	11/21/2008 10:27:32 AM
	3 Recommendations Read Replies (3) of 50337

I'm selling into this mornings rally... I sold the remainder of golds stocks I bought into Wednesday's close, and yesterday's open, into this pop this morning. I'm now down to a core hold position only, and that's in the large, safe, and liquid big caps like ABX NEM GG KGC & AEM. Last Thursday's "Carpe Diem" trade was one of the largest single day, portfolio weighted moves I've made in the last 6 months, and we've been channel trading in the gold stocks on a downward slope ever since, with lower lows and lower highs. This remains a day trading environment and you really have to be watching the technicals and right now, the HUI gold stock index is STILL in a downward trend. And until that trend is broken... you can only buy MAJOR meltdowns and you MUST sell ALL rallies... ALL of them. Trade the channel... and keep banking trading profits because that's ALL this market is giving us -- "Trading Profits." ... it isn't rewarding us to hold, it's ONLY rewarding us to trade. And more later on a disturbing trend for the smaller cap golds, and why large caps may be the way to play a Q-1 & 2 2009 re-flation trade. SOTB

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