"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, September 15, 2010

Seller's dilemma?

I am looking, I really am.  I found one thing to sell yesterday out of the capital preservation portfolio telling myself  "the market is kind enough to give you profits... (actually, I have worked really damned hard for them) so take some!"

Looking for a few more things today but really, the charts do not tell me to get too into profit taking mode.  Profit is good Gary; there are other buying opportunities out there, man.  Reap some here and sow some there!

Okay, I will try.  Thank you for bearing with my inner trader's conversation. I am really not the force of conviction during upside momentum that I am when the herds are fleeing.  Sheesh.

Edit (10:31)  There, how hard was that Mr. Biiwii?  Take really well earned profit on a Columbian Colombian operation that has exploded higher and add to a bottom feed play in the [perceived] more secure environs of Quebec.  All about balance my friends.

Edit (11:21)  And there's this from some wise ass by email (I actually love the guy :-)):

All about spelling the names of the countries in which you invest right, too.

Nice U.to chart :-)