Well last night the DOW was down 165 points and gold fell US$40. I have been sitting on the fence a bit the last few days and exited a couple of stocks yesterday afternoon OGC and ADU, both loss makers for me, glad I did now. ALK went this morning hit my stop another loss. ROL is the only positive trade, still holding as it went into a trading halt, no doubt a capital raising but not to worried about that as only 65 million shares on issue and I can't see any real dilution of the stock with what it has down the track and some success stories in the near future hopefully.
IAU still held, the market has not really hit this one hard compared to many other gold stocks down only 1.45% for day at present while the likes of PRU is down 4.53%, SBM down 4.94%, CGX down 4.48%, NGF down 8.33% and the big boy NCM down 1.88%.
PSP, CHN still held not major capital in them, thinking about these two I can afford to tuck them away for a while till we get the next wave in gold, will post a gold chart tomorrow time with further projections.
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