This post was just published on ZYX Short Change Alert.
Consider taking more profits on a 10% tranche on gold miner ANV in the zone of $5.55 to $5.75. The stock is trading at $5.71 as of this writing. After this profit taking 40% of the full core position size will be held.
The reason for this profit taking is that the momo crowd will try to buy gold around the time of the Fed announcement. If gold falls after the Fed announcement, the remaining quantity will still be held to profit from. On the other hand if gold rises, there will be more flexibility to add if that is warranted.
