Sold more gold stock today. I still have some positions as I think this is yet another shakeout, but we're at levels such that more downside could see a much bigger swoon than we've seen thus far (at least in POG terms). HUI hard to say. Still have some energy and lots of cash again. If I had 0 gold stocks I might do light buying today, but it does look like broad market has a bit more upside (may not a lot in % terms), but they'll stretch this out a bit longer is my guess. Kinda crazy given the action announced at the last Fed meeting, but in these manipulated markets nothing surprises.
If gold takes out 875 area and gold stocks outperform gold to the downside may consider selling more, but more than likely I'll be buying any dips going forward, but I think some patience may be required again.
