If we are going note upside breaks, we may as well note downside ones. Yamana Gold is failing at the neckline and if this is not a head fake then by definition our target of 17+ is scrapped. AUY can snap back here and close above the NL in the next couple days or it can stay down and keep us holders in "why didn't I sell... DOHHHHH!!!" mode. Actually, I traded and sold plenty of other stuff that was non core and this is why. So I can hold stocks like AUY and not feel like I didn't take advantage of profit opportunities. I will likely hold AUY regardless of technicals if nothing major bubbles to the surface fundamentally and as long as the gold sector holds certain levels technically.I have a good cash level ready and plan to deploy it. But I am not going to blab to the blog about it in detail because these events are for each of us to weigh on our own and buying & selling in difficult markets is best left to the individual so that he or she feels 100% responsible for his or her actions. I hold a core of gold stocks and this 'event' is being looked at as an opportunity by me at this point. Nuff said.
