RE:Aug 12 -16For what it's worth, I sold my small Ascot holdings at $0.60 yesterday around 2:30 EDT, where I booked a small, tolerable loss (I had a cost of $0.62). So Ascot shares gaiIned 37% for the week, so that brought me from a serious unrealized loss to a manageable realized loss. I'm a senior, so my wife's and my portfolios are very conservative (heavily tilted to bonds, money, gold shares and utilities).
As for the short-term outlook of the PoG, Kitco published two or three stories disagreeing among each other. But they did agree that gold investors should at least hold, this after this week's run-up in the price. One thing I noticed, as to my other three gold holdings, was that at Friday's closing bell there was a spike in buying and a run-up in share prices. Don't know what to make of that.