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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: jackjc who wrote (38265)4/14/2007 6:25:16 PM
From: SwampDogg  Read Replies (2) | Respond to of 78409
 
<<But we long term people need to get out when the bull dies, and
that will be the hard part to recognize>>

Take a magic marker and a big ruler and make a line. If the line breaks sell everything. On any day that gold is up more than $20 sell 20% of your holdings. If gold is ever up more than $200 in a couple of weeks sell 50% of your holdings.
When gold goes goofy (see above) and then falls more than $200 is a couple of weeks buy 50% of the dollar value that you sold above.
FWIW the goofy part would now apply to the nickel and uranium markets. IMO long term holders should be selling 50% and waiting for pain.
Plan the trade and trade the plan