Last night was an absolute horror, the DOW lost 200 points and gold tumbled just over US$11.
My trade in IAU is probably a lesson.
When the most important market in the world, one that influences everything else has topped and appears to be heading down its time to bale and what did I do, I bought.
The next lesson always have a stop in place. I did not have a stop against my better judgement and a few minutes after the open IAU dropped to 32cents, during the day they worked their way back and leading into the last hour had clawed back to 34.5cents.
Happy as I was to a degree with this recovery I was shocked when I returned to my computer some hours later to find that 500,000 shares had gone through at the close auction at 32cents.
This trade is down $3k in a day or 15.8%, I still hold, maybe for not much longer.

The Bowen general meeting was totally disappointing with all resolutions failing to carry. In fact the meeting was farcical, I have never come across such incompetent directors who have no idea or concern of the interests about the shareholders whose company they run.