Alright, at around noon today, I looked around and said, “You know what? I’m out”. It’s not that I’m calling a top (I’m not). In fact, I think we go higher. But what’s coming for me?
My positions have really just slothed it up this last week or two. They’ve been sucking wind and I’m not going to suffer it.
And what comes after March? The summer?
I’m not waiting around for the summer, to watch gasoline prices, European stupidity, a budget crisis, 2014 HCR implementation jitters, the press crisis of choice (it’s sort of an option play on their part), US impaired foreign exchange rates and God-knows what else I missed rob my hard won gains.
I absolutely trounced this winter; I was all over this rally back in November when everyone was boarding up their windows. And I’ve got the winnings to show it.
The largest sale came from CCJ – I love that position and the uranium market, but I’m not dumb. It was hanging out at >25% of assets…and a little closer to 30%, if you follow me…
So I cleaned it up and paired it off to 20%, even. Then I went to work on the rest of my holdings.
I sold some shares of CCJ, AEC, CLP, RGR, and BAS.
I did not sell any BXG, EUO, AGQ or physical silver
Cash stands at 30%. Average position size is 6% of assets – overweight CCJ, silver (physical and products) and BAS.
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would it not surprise you if the market peaks in late April and doesn’t revisit those highs until after Thanksgiving? Does this market see 1600 or 1400 first?
I don’t know, but originally I assumed we would crater going into the summer, and I am preparing a buffer for that
Ah, that was YOU selling CCJ just now!
lol
Considering the same here. But not quite yet.