Tuesday, October 26, 2010

Trade Update: IAU SLV

When Goldman Sachs said that gold would go to $1600 an ounce in silver to $27.65 per ounce you just knew it was time to sell gold and silver. While the Golden godfather is shafting its friends, family, and clients one more time we will be protecting our profits.

We are along 100 shares of gold, IAU at $91.47. Move to stops up to $125.50.

We are along 25 shares of SLV at $16.53, and long another 75 shares at $18.40. Move all stops to $22.25.

If gold and silver selloff, don't get scared and don't get greedy, just set the stop and walk away.

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