Patience is paying off here in VGZ. I am going ahead and locking a big part of the gain here at 2.88 because I have accumulated a pretty big position over the last couple days and don't want to let it slip away. Gold still looks set for higher prices and I will revisit this one again should it set up well. Let a small part go with a stop at 2.78ish.
The market has broken the 800 level and is looking extremely shaky so I am going to hold off on any buys at least until the close and we get some sore of clarification of a new range. 790 so far as held a couple times intraday and I want to at least see us close above that level before I put on any longs.
Stopped out early in the day on the rest of SD. All cash for now except for the remainder of VGZ.
JAX
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