20Jan10:41 amEST

Locking in More of a Big Win; Chess Moves

505898477 I sold another half of my NUGT long @ $20.37 from $16.88 entry noted in this blog post. I also previously scaled gains at $18.96 in this post. I am down to a small "runner" in the position now, willing to let it ride in case gold miners continue to go crazy to the upside. I raised my stop-loss up to $18. Overall, the precious metals and miners are off to a terrific start in 2015, as I suspected they were set-up to do. While copper and crude oil has enticed many a bull, I still do not see many compelling reasons to get involved there n the long side for any meaningful trades. To be sure, metals and miners are overbought here. However, I will be back later this morning with more analysis about that very issue.

Monday Night View of Oil Gold Bears Playing Hide-and-...

 
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