One gold stock's journey

One of NFTRH's favorite gold miners is one it no longer has a position in. NXG's journey off of the bottom has been textbook and allowed for successful trading all the way up to our target of 2.50 (I made my final sales just below in the 2.40's) that had been in place since the bottoming process of Q4, 2008.

Today is a tough one and NXG is getting hit along with everything else. But what I consider a real good buy point lay below here, and it was noted in NFTRH a few issues ago along with those of six other gold stocks. I have added a couple of them as they came toward target, but with the look of the markets and the gold sector, I see no reason not to use a ton of patience here and hold high levels of cash.

Remember what last fall felt like? Still holding all short positions in the speculation portfolio to balance gold stocks, which will ultimately benefit from gold's anticipated outperformance vs. everything as hope runs dry. But I cannot stress strongly enough, to go about this slowly... as in weeks or months. Take a big picture view and have cash. Opportunities are more fun that way.