Well it's Valentine's Day and no love notes for me.
Anyway my focus are these current trades I am in and the search for more.
LGL reached a high of $3.48 yesterday and closed at $3.35 still continuing its upwards move, have a stop in place hopefully no volatility will take it out.
Will be reviewing stop daily.
Its very important to me to make some profits so if by chance gold pulls back then I will take a profit rather then see the trade go down and then have the hope it will recover and then left holding it for a recovery that might not happen for a while.
The NGF trade is also doing well and closed at 14.5 cents
Some other trades are doing well too.
The POG (price of gold) closed at US$941.60, down almost US$6 on the previous day but still trending up from the November lows. I still see the POG possibly taking out the highs of March last year and the possibility of reaching US$1200.
Have not moved on acquiring PAN closed at 81cents no hurry on this, need to read more on nickel fundamentals to make sure this is a worthwhile trade.
Well off to the shops before they close.
Got my super statement yesterday its down 16% over 6 months and 25% over 12 months I ask myself why have I managed a return on capital used in the market of 55% over the last months 6 months and the fund managers can't. They get paid big money and use other peoples monies and can't get it right, maybe they salaries should decrease by the amount their fund goes down.
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