Saturday, November 10, 2012

Time to gamble a little

For no other reason that a hunch I dumped the last 2 positions I had DXD and DUG. I took a 3% profit on each of the trades so now I am in all cash. My hunch tells me the market is going to run up till the end of the year and that all this whipsawing and moving sideways was just uncertainty over the election. Now that the election is behind us everyone will go back to work. I'm going to watch the market in general and Gold in particular for any signs of a turn Monday and Tuesday. If I'm right I'll place a bet on Gold. Will keep you posted.

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