
Friday, November 13, 2009
Sell gold stocks
For those of you holding on to gold related stocks, now would be a good time to sell and take profits. As you can see, the GDX to GLD ratio broke down Wednesday. I would of made this post earlier but I was out sick on that day. So for right now, take profit on gold and gold stocks. Once the ratio crosses back up we can enter long. And also, the US dollar is attempting to make a bottom at the $75 level. If it can successfully hold that level, we'll see another sell off in the market.


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