Looks like the miners are going to be down huge today, Getting tired of holding my nose, but I see 6.50- 6.60 for the close on VGPMX today..I will be maxxed out if this hits 5.50 my last purchase will occur there.
great call on YXI, I am starting a position on VDE or XLE this week myself, and continuing to add vgpmx on continued weakness..Have a great relaxing (labor) day Eddie, and appreciate your insights as they are similar to my own..
Day after day..
Physical gold up..miners down
Physical gold down...miners down
Market up...miners down
Market down..miners down
Hey I know its cyclical, but this is just getting ridiculous
Hey even oil companies get a few up days when oil is down!
I am avg in aprox 10.00 here and it is already 5% of my portfolio..I am tempted to grab some more down here and go to 6%...decisions decisions
I dont need my money for 10-12 yrs, and I am sure the HF's will pump it big before then..
Just gotta remember to sell when the time comes. We all know metals are manipulated...Down and UP!
Good Luck to you too!
Crazy how metals are being taken to the woodshed today..on a down market. This market is nuts everything hinging on Fed rates..good news is bad and bad news is good. Will it ever return to normalcy?..