Tuesday, May 24, 2011

Adding Positions in Energy, Materials and Gold for a Bounce

Prices for energy and materials have corrected a great deal in a short time. I have taken new positions in XLE and XLB to play a bounce off these new low levels.

I have also bought back some gold (gld); prices are rebounding. Moreover, we have gained over 5% so far in our gold miners ETF position (GDX).

I made a very early entry into GDX based on the Effective Volume GDX robot. These robots, sometimes referred to as black box or algorithmic trading systems, are widely used by specialty hedge funds and institutions. These computerized models are generating some very good results.


This blog post does not constitute an offer of investment advise. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.




No comments:

Post a Comment