September 24, 2014

TAKE PROFITS ON ALLIED NEVADA GOLD AND EXIT THE POSITION IN VIEW OF BENGHAZI ATTACK $ANV $GDXJ $GG $GLD $HL

TAKE PROFITS ON ALLIED NEVADA GOLD AND EXIT THE POSITION IN VIEW OF BENGHAZI ATTACK $ANV $GDXJ $GG $GLD $HL

This post was just published on ZYX Short Change Alert.

In Benghazi, Libya, a war plan belonging to General Haftar has attacked a ship trying to supply Islamist forces.  Oil is spiking up on the news.  So far there is not much reaction in gold.  However in view of our many gold related positions, it is prudent to lighten up.  ANV is short from $3.88.  As of this writing the stock is at $3.46.  Consider taking profits and exiting the position.

Consider continuing to hold the rest of gold, silver, and palladium related positions.

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TAKE PARTIAL PROFITS ON RACKSPACE $RAX

TAKE PARTIAL PROFITS ON RACKSPACE $RAX

This post was just published on ZYX Short Change Alert.

RAX is short from $36.48.  As of this writing the stock is at $31.31.  40% of the full core position size is being held.  Consider taking profits on a 10% tranche right here around $31.31.  Also consider a protective stop for 20% in the zone of $32.31 to $32.88.  Consider holding 10% without a stop.  Target zone remains $26 to $29.

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