RE: to maxxmaxx.....Wasn't that some tech rally... Lasted what 1 day...
Way to go techs...
You sure are right about sticking with gold stocks. Would have been wise to hold all my golds but my portfolio bloated fairly fast and I couldn't help but take some profits... Originally bought gold as a short on the DOW but have since become convinced of gold running its own course with all the negative economic news, short supply and safe haven buyers.
I believe that gold has a 5 - 10 year bull run coming and what we've been seeing is just the first leg up pulling of the bottom... So the best is yet to come...
My portfolio is still heavy on gold with a 20% hedge with techs in case I've missed something. Should have waited until the $VIX was closer to 40.
I also bought into RB Precious Metals mutual fund back in DEC and I believe that after today it just doubled. This thing trades faster than my stocks do -- I expect to own this for a few years... Also accumulating some silver bullion as my long shot skeet shoot. And obviously holding cash...
As for IMG, I don't see selling this stock anytime soon. The $5.40 crowd I mentioned was the last plateau IMG leveled off at and a 30% jump puts it at around $7.00. We went through that level and have since pulled back and may have support at $7.00 I'm thinking that if IMG can break up from here we are in new territory and should see significant upward movement (mid teens) IMHO
How do you sell tops in a bull run like this?? -- very difficult...
Good luck
Max the dog