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OldAIMGuy

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OldAIMGuy

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Re: The Grabber post# 38491

Friday, 10/31/2014 12:11:13 PM

Friday, October 31, 2014 12:11:13 PM

Post# of 47272
Hi Grabber and Toof, Re: Precious Metals..................

I added 12% more shares to my IAU position this AM when it dropped over 2.5% on the day. It's been a while since the last buy, so I'd been watching it carefully. It was above $12 a couple of weeks ago when the markets got nervous and this AM picked it up at $11.27.

There's still some cash left, but this was the 4th buy now with no intervening selling. I've been running a very defensive 20% Buy SAFE and 10% of Portf Control as the minimum order size for 2 or 3 years. This is one of those holdings where I didn't know if it would EVER use up its cash reserve with the settings I had. Funny how things can change!

Best regards,

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