"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

Monday, June 20, 2011

Risk reduced...

Risk is reduced in the gold stocks and I think I am going to take profits on most remaining bear positions and manage risk through cash %.  The broad asset spectrum probably needs a bounce with the Greek 'will they or won't they?' b/s serving as an excuse.  This is all sentiment and technical support level stuff.

Edit (11:40)  There, sizable bear chunks gone against Euro (EUO) and Oil & Gas (DUG).  The options stuff was small.  Cannot take it lightly when these crooks give you profits on the short side.


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