Intra-day update: I just looked in at 1:00 pm EST and was greatly surprised at the share price action of the miners, asking ‘What the???’

Then, I realized that the metals themselves had not moved much, but had backed off from where they had been earlier, even though they still showed a gain. Friends, this is profit-taking! You can do the same, if you have a lot and want to preserve it… but, if you believe, as I do, that this is a new bull market, and a lot of gain is still out there ahead of us… well, I’m just going to sit tight, and maybe add more later!

Harold

Advertisements

5 thoughts on “Profit-Taking!

      1. If you had no position in NUGT and were looking for a good entry, what signs would you look for? I definitely believe that gold will be on the rise. Thanks Harold. 🙂

        Like

  1. William, I have not taken a look at NUGT, but I will. I strongly suspect that any timing effort I am using right now for the metals and the miners I’m watching should apply equally as well with NUGT. I will look and see… and write up an entire post about it! Thanks, Harold

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s