Welcome to the home of UncleNutJob. Make this your portal to all things important. I will continue to work towards my goal of organized accumulation...mixed with my 3 cents (soon to be worth only 2)... I hereby vow to provide you with an EXTREMELY biased view on topics like: The Election, International Finance and Banking, Organized Religion, Military, and more....

Thursday, May 13, 2010

Like A Bad Smell...

...UncleNutJob just won't go away....
I know it's been awhile, but let me tell you what I'M doing. I'm selling! If you did what I said, you started buying silver @ $18. You continued to buy on the way down until you ran out of money. I am about to begin my exit. with gold @ it's "all-time high" of around $1250/oz and silver about to hit $20/oz, there WILL BE a consolidation, and why not take advantage of it? I am going to sell about a third of my holdings @ $20/oz. If it goes to $21, I'll sell another third. If it hits $22, I'll sell the rest...and be poised for the consolidation. Once the profit-taking (gold up 33% and silver up 40% over last 12 months) happens, I will begin my re-entry @ $18 with about 20% of the $. I will continue buying on the way down in the same 20% increments. I'll be happy with an average of $17/oz. Even though I had an average of just under $16 on my last purchase, I still come out ahead.

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