Comments: After a broken minor head and shoulders top on the HUI, the target price seems to be around 308 to 309, with 305 being important support below that. I made repurchases in a couple of Gold miners on Friday. The ideal situation would be to take my profits out of PSH (short QQQQs ETF) after a nice sell off in the Nasdaq, and put them fully back into gold stocks at support.
Current Portfolio Allocation: 59% short QQQQs and SPY; 36% long Gold, 5% long Copper. Small Put position in QQQQ.
(Gold) Sentiment: bullish, until proven otherwise.
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