I still intend to lock in some profits soon now that $400 has been taken out (hopefully around $408-415) but if the expected round of profit taking comes in I will reload. ==============================================================
I think that is a very wise move,my friend.
There seems to be a fairly strong record of decent pullbacks in the PoG when it trades in excess of 10% over it's 40 day MA. I read that little tidbit in an old Saville (I think?) market letter and it has helped me do some decent repositioning on some margined shares on a couple of occasions. My problem is that I've seemed to jump out a bit too soon and, as a result, have had to wait until after dark for the cows to come home. <vbg>