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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (22838)9/22/2009 2:55:43 PM
From: RockyBalboa  Read Replies (1) | Respond to of 71454
 
So far yes, but I begin to wodner why I haven't simply kept my original GDX position.

Well. Perhaps I get it right again, after some pain. But the pains I had a year ago when I bought GDX and watched it tank 15% in a week were much worse initially. Im behind 1.10 points currently. At 50 or so I will probably cover and go long.



To: NOW who wrote (22838)9/23/2009 11:15:52 AM
From: RockyBalboa  Respond to of 71454
 
indeed, whipsaw city,

either it adds 300, or is retraces the 2009 move to stabilise at 2008 levels.

of course, real GDX sell signals would come only below 41. However it is comforting to have a short position which doesn´t go into the red by 10% on the spot.


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