21Jan10:02 amEST
Doing the Sensible Thing; Chess Moves
I sold the final piece of my NUGT long here at $20.92 from my $16.88 entry in this blog post to lock in the rest of a good win. I took gains along the way and used the strength at the opening bell to sell.
I am back to 100% cash now, likely waiting for some better spots to get involved. I still think precious metals and miners are acting very well However, I will give them some time to cool off before hopping back in.
As far as equities, I suspect we will not get a true gauge of the tape until after the ECB fireworks tomorrow.