Monday, July 18, 2011

All That Glitters is Soaring

Our Gold (GLD), Goldminers (GDX) and Silver (SLV) ETFs are ripping higher. These positions are helping offset declines in our equity holdings.

While the share price of IWM (small cap etf in our Long/Short Folio) is declining we remain above our stop price for the moment. IWM is still on a buy signal. Long/Short Folio holding GDX still remains a buy.

Given the current extreme volatility we are holding up very well.

Addendum:

The first stop for IWM was finally hit later on Monday the 18th. 50% to 100% of the position was sold depending on the account type and timing of the original purchase.

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

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