News of a major increase of gold reserves at one of BHP's mines hits the gold market. I take my small profit. Sell GLD. Don't let a profit turn into a loss. Recently, I let that rule slide a couple of times and it bit me. It may bite the other way now, but after a losing streak, the last thing to do is keep letting things slide.
Still long GDX hedged
Tuesday, September 25, 2007
Sell GLD
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