Wednesday, December 8, 2010

Gold and Silver Timing

It might be time to get out of GG and SLW soon, which closed yesterday at ~$47/share and ~$39/share, respectively.  During morning trading, they've both dropped an average of 3%.

We bought GG at ~$42/share- a capital appreciation of ~12%, and we bought SLW at ~27/share- a capital appreciation of ~44%.

This run up was expected and now it's time to get out.

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