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<p>[QUOTE="passantgardant, post: 1161013, member: 30033"]I agree. It must be especially hard for those who came on here and publicly called a top $3, $5, $10 ago, and boasted about selling everything. I'm glad I have my core position well intact. I've just been selling some options for a nice gain and building a small reserve of cash for the inevitable pull-back. I knew it was going to break out, but wow, these past few days have even knocked my socks off. And it's concerning that the mining stocks are not confirming the move. However, gold still hasn't reached what I believe will be the near-term top and in fact hasn't moved all too spectacularly, at least compared to silver. I still think we could see $1550-$1600 gold before a summer pull-back, and it's hard to imagine silver falling while gold is rising. Perhaps silver will be reaching $60 before the summer pull-back, which is about $10 higher than I previously thought. It's hard to say, but I'm certainly not shorting it! Anything is possible at this point, so the best move is to ensure you don't have too much leverage or anything on margin. Stay net long, but with protection.[/QUOTE]</p><p><br /></p>
[QUOTE="passantgardant, post: 1161013, member: 30033"]I agree. It must be especially hard for those who came on here and publicly called a top $3, $5, $10 ago, and boasted about selling everything. I'm glad I have my core position well intact. I've just been selling some options for a nice gain and building a small reserve of cash for the inevitable pull-back. I knew it was going to break out, but wow, these past few days have even knocked my socks off. And it's concerning that the mining stocks are not confirming the move. However, gold still hasn't reached what I believe will be the near-term top and in fact hasn't moved all too spectacularly, at least compared to silver. I still think we could see $1550-$1600 gold before a summer pull-back, and it's hard to imagine silver falling while gold is rising. Perhaps silver will be reaching $60 before the summer pull-back, which is about $10 higher than I previously thought. It's hard to say, but I'm certainly not shorting it! Anything is possible at this point, so the best move is to ensure you don't have too much leverage or anything on margin. Stay net long, but with protection.[/QUOTE]
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