Abandon gold all ye who enter here.

Posted on Apr 06, 2009 by in Letters

We are tossing our gold and silver positions.  We don't think the party is over, but the momentum is down for right now, and why take paper losses?  Today has sent definite sell signals, so we're not waiting for stops generated from Basing Points.

We don't have any doubt about this trade.  We'll lay back and wait for the downtrend to end.

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