Heading to cash and back to trading. We could see 1450 in gold before its all
said & done. Not sure where that puts the miners from todays prices. Will continue to
follow EXK/miners for faster trades. The buy/hold days is over for this trader.
Good luck to longs here. aloha!
i guess everyone has their breaking point. i figured you got out earlier because i haven't seen you on the boards in a while. You may of sold at the bottom. your mistake was not selling sooner and you could be buying back in here not selling. no way to know only time will tell so far 5.55 is holding. i am seeing 5.365 as a major long term support level to watch. we aren't that many percentage points away from that so selling here doesn't make a lot of sense to be honest but i hope it does go that low i'll be buying :). good luck and one thing i'll say from trading over the years is it's ok to be wrong. nobody is perfect key is realizing it early so you can sell and prevent making a small loss into a big loss. also take profits when they present themselves which is probably the hardest thing to do because you get complacent when presented with gains assuming you'll get bigger gains going forward. you've been around since i've seen prices in the 7.00+ or even 8.00 range maybe? if so sorry for your loss ...
From our discussion of yesterday, my RESISTANCE/SUPPORT 5.55, just below support, 5.77 ± 0.15, type Single, strength 8 is holding at this time. Nasdaq has the same. It's all up to Washington as to what happens next. I'm watching key currency and pairs including producer currencies as that will react faster than the charts. Good Luck to all.