Gold has smartly moved up on China seizing a U. S. drown. The probability of the situation escalating is very low. For this reason this is not a trigger to buy gold. However this was a trigger earlier to book partial profits on some of our precious metal short positions. Due to heavy interest in gold from subscribers to this service, the following post published earlier in ZYX Short is being reproduced here.
TAKE PARTIAL PROFITS ON CDE, HMY, AND ABX
Depending up on the quantity held, consider taking profits on one-third of the remaining position in CDE, HMY and ABX.
If you just started a CDE position in response to the last post and are holding a small quantity, you have about 10% gain; consider taking the gain and exiting the position.
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