I sold out too early @ $5.60 to lock in some profits, but none the less, kudos to those who held. Not hoping for a pullback, but if one does occur, will jump back in. If not, then I will buy in higher than what I sold for.
I had a sell order to offload 1/3 of my position at $6.3. Wouldn't surprise me to see this blow through resistance toward the 200 DMA at $7.70, but I have been a bit overweight so had to at least take some profit off the table. I'm up 66% so I'd be crazy not to.
I bought near the June bottom at 3.97 but got scared out and reduced my holdings @ 4.94 at the beginning of the month. It looked good when IAG dropped to the low 4s in the next few days but now I am kicking myself. I still have some but I've cost myself a decent chunk of $.
Look at the big picture: Bernanke wants people to dump gold and buy paper dollars, GLD has sold 1000 tonnes gold to Asian countries, to bring down gold to $1200. Now GLD only has 1000 tonnes left in their vault. They are losing controlling power. Asians are not selling.