RE:TGZ Thx Jen9 for those wise trading observations ( and kind) words.
there are no "gurus" that should be blindly followed. Least of all me. I would include PG in that as well. While knowledgeable, and a long term gold bug, some of his actions are curious. At times it seems, by way of his authorized mouthpieces, he's only telling you half the story (eg when he's buying, not selling) .
Leaving that aside, I have noticed that this stock behaves certain ways at its extremes - making a trading position ( for medium term trades) and a holding position ( for long term trades) a wise strategy. No one can tell you which way it will move in between those extremes ( your example of recent lows in the high 2,s following highs of $5.50 in 2018 are the best example of recent extremes for TGZ - but there are others dating back 5-10 years). Rick Rule has some sage advise in general regarding gold positions and when you should sell, but I digress.
Regarding golds, I don't think we are at an extreme high yet in this cycle - based on the overriding gold thesis ( fueled by Central bank mis- behaviour, and political pressure, and looming geo- political threats, and a pending recession wherein safe havens will be sought)
However you were right to sell more than half your position when you did. Congrats!. If I'm not mistaken you were/are looking to diversify your gold holdings which is wise indeed. Very few can foresee certain mgt or country risks . Diversification will help you overcome that risk.
I am also befuddled by PGs position on this as well ( I.e. putting all his eggs in the TGZ basket so to speak - and then take serious potshots at his sole position's Mgt team ) but maybe we are not privy to the whole story. Only what the disciples and worshippers are authorized to put out there ( I hope they are operating independently and of their own volition )
Anyway, having made a timely trade, don't wait too long to jump back in on another gold equity ( if that is your goal) . Tuesday was a good medium term buying day. Could there be another? Sure. I don't think we are at extremes yet ( on the high side) so no one can tell you gold won't visit $1400 before December.
if you buy the medium term gold and silver thesis ( as I do) there are many other great gold & silver names. Or if you want to hedge even more ( never a bad idea) you could look at other sectors.
gold bugs can be very convincing during gold bull markets. Then they tend to hibernate - sometimes for years. However I think we will be hearing more from them for awhile - with good reason. Just remember. No one ever went broke taking a profit!
MM
PS don't listen to me. I don't advise retired jocks and therefore I am under qualified. As you said, take in all Points of view and make a decision that is right for you.
best of luck to you
MM