Not exactly thrilled with gold’s action here. Not sure if we will see a much bigger correction before being able to move up again.
That said I am thinking about selling my RGLD position if it moves below my entry point. I am not sure yet.
You need to make a decision that suits your risk tolerance. My position is very small but I am not willing to hold anything that is moving against me in this market.
Keep in mind getting out at break even or with a small loss is never a problem. You can always reenter the markets. The markets will always be there and offer opportunities.
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