Sell Signal for Gold – No Foolin !

April 1, 2014

Gold did not survive March.  It closed below its 200 day moving average March 31,  so I sold my entire position this morning at the market open…at a loss of 3 %

On the other hand VTI ended March safely above it’s 200 day moving average.  Price $97.47…..200 day moving average $90.17.

Since its VTI that keeps me in the market, I thought I’d round out a few long positions.  I increased my holdings  in RPG, my #1 position,  ITA, XLV and XLF.

I am very interested in XBI and IBB, but they  represent too much beta for me to deal with at the moment.

Richard Maurice Gore

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