My Portfolio: Lightened up a little bit
Posted by Frugal on June 14th, 2006
I sold one position from yesterday. Gold didn’t rally as strong as I wanted to see. Maybe I will sell a bit more tomorrow. Refering to my previous post on Rethinking on the Gold Correction, I start to feel that this precious metal correction needs to build a solid base here possibly for 2 to 3 months before any sustainable advances happen. Actually, if it’s just 2 or 3 months, that’s good. I fear that this is something bigger, and maybe instead of months, it will take more than a year to shake out all the speculators and impatient non-believers.
I don’t really know, but if precious metal market breaks down further, a longer periods for correction may just be the needed medicine.
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