I’m going to stop out or take profits in a few more positions today. The markets are getting extremely volatile and I’m not sure how this is going to effect everything.
Exiting UNG $24.16
Exiting WEAT $16.21
Exiting CORN $33.42
Smart Money Tracker
I’m going to stop out or take profits in a few more positions today. The markets are getting extremely volatile and I’m not sure how this is going to effect everything.
Exiting UNG $24.16
Exiting WEAT $16.21
Exiting CORN $33.42
are you going to keep sugar?
I sold DBA yesterday.
Gary- If you’re under-invested in long term positions in gold stocks, do you suggest getting to a full position today?
Well a better time would have been 6 or 7 weeks ago.
The best time to get heavy will be at the next ICL. Right now we are trying to catch the last leg of this intermediate cycle. Personally I think gold will make it to $1425 before the top comes. But then again we all know we are playing in a rigged market so there is no guarantee that will happen. Just use your best judgement, or play it safe and stay lightly invested until the next ICL.
ndmaster
look at some of the past reports and see where Gary roughly thinks the next ICL will get down to and then ask yourself is it worth getting in now. I would say it isn’t if you are looking for a long term positions. The hardest thing to do in investing is to be patient.
Is this jump in the dollar just a blip or something to be concerned about?
Gary, have you ever seen a day when
gold is up, silver is down but GDX, GDXJ and SIL up so big
The miners are up big because a bunch of buy stops triggered on the breakout today.
I wish I would see breakout in SLV tomorrow….
you and me both, brother, and just about everyone else who reads this blog…
Not really worried about Silver. Within the near future we will blink our eyes and she’ll be at $25.
Gary (and Troy) –
Didn’t you say recently that silver follows gold rather than copper? Some believe silver’s industrial component is affected by the global slow-down, as copper really appears to be demonstrating. If gold does, indeed, reach 1425+ toward the end of March, do you believe silver will catch up?