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Re: Frank Pembleton post# 18675

Thursday, 03/26/2009 10:21:44 AM

Thursday, March 26, 2009 10:21:44 AM

Post# of 19037
I'm not inclined to short yet either (broad market). Took some profits this morn on the gold stocks. Still holding decent sized positions, but wanted to raise cash as I'm uncertain ST. In this market cash always comes in handy at some pt. I don't think we'll get a full retrace on the gold stocks, but seeing 310-315 HUI seems very doable. Perhaps I'm too biased FA wise. Another part of me sees a breakout to the upside sooner than later, but gold needs to get going again back over 950. Guess I'm hedging my bets. I would feel just as insecure holding 0% gold/gold stocks as I would 70-100%.

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