Sold AGQ – $47.50 Sold NUGT – $21.55 Gold Update
Posted on January 03, 2012 at 14:48 PM EST
Well, call me paranoid about this gold rally if you wish, but I have banked modest gains on both of my trading positions and 2012 is off to a fine start! I continue to believe the likelihood of gold making a final plunge towards $1400 is high so I am satisfied to sit in cash [...]

Well, call me paranoid about this gold rally if you wish, but I have banked modest gains on both of my trading positions and 2012 is off to a fine start!

I continue to believe the likelihood of gold making a final plunge towards $1400 is high so I am satisfied to sit in cash as I watch things develop.

This first chart is of Proshares Ultra Silver 2X ETF (AGQ) which I sold for $47.50. This is a 15 minute chart which is not usually not the best time frame for making decisions about trends … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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