Method to My Madness

Posted on Jul 14 2016 - 1:17pm by Dan

I’ve been long Gold now for some time, in one of our short-term processes.  Which has not exactly been ‘fun’ as of late.  The GLD is down around -1% since the 5th of the month.

But never fear.  There is a method to my madness.

We’re also long the indices, something akin to the Spiders.  And yes, our income pieces still have us long Medtronic (MDT), International Business Machines (IBM), American Express (AXP), Colgate (CL), Union Pacific (UNP), Microsoft (MSFT), Wells Fargo (WFC).  In addition, I have a separate valuation investing book.  All of the above is green today.  As they were yesterday.  And before that.

So do not fear for my Gold positions.

There’s a method to this madness

4 Comments so far. Feel free to join this conversation.

  1. mappy July 15, 2016 at 11:10 am - Reply

    I love this market.

    On Monday, I’m waiting for a pull back and go back into the range as always.

    NOOOOOO!!!!

    We’re gonna rip the market higher making mappy sit on the sidelines yet again waiting for an “entry”

    LOL!

  2. mappy July 15, 2016 at 1:24 pm - Reply

    Bought more SVXY @ $56.28

  3. mappy July 15, 2016 at 3:05 pm - Reply

    🙂

  4. mappy July 15, 2016 at 4:50 pm - Reply

    Oh Turkey, you bastards.

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