You're browsing: Home » Gold stocks: take some profits



Gold stocks: take some profits

Print This Post Print This Post | Topic: Gold, Gold Mining Companies — September 24th, 2007

Today we decided to take some profits off the table as both gold and the HUI are in the sell zone in our opinion.

We have sold 50% of Kinross, Yamana and Fronteer.

We are anticipating a small correction in the short term before we buy stocks again. We are small enough to trade quickly and have sold these gold stocks in anticipation of them dropping a little in price, thus allowing us to go back and buy them at slightly lower levels. We remain absolute gold bulls with all of our cash being invested in the precious metals sector so I wish to repeat that this is a short-term trade only.

Take care.

For the record:
Kinross Gold (KGC) was sold for an average price of $15.36
Yamana Gold (AUY) was sold for an average price of $12.40
Fronteer (FRG) was sold for an average price of $10.44


Gold Prices Newsletter:



Related Articles
Gold and Gold Stocks: Take Some Profits
Agnico-Eagle: Turning South?
Portfolio: General notes
Kinross Gold: Up 50% Since Our Summer BUY, Now Correction Expected
Gold and Gold Stocks: What No Leverage!

  

2 Comments »

  1. why are you continually printing advice or comments which are outdated?

    Comment by ruth doise — May 24, 2008 @ 4:05 pm

  2. Ruth,

    Could you please explain your point and we have missed it. You are aware that this article is dated 24th September 2007. Just a thought!

    Comment by Gold Prices — May 25, 2008 @ 8:38 pm

Leave a comment

  

Search Gold-Prices.biz
 
Gold Price Banner: [Most Recent Quotes from www.kitco.com]
 Gold Updates by Mail
 Sponsored Information

 
 Latest News On:
 Our RSS Feed
 
 Price of Gold
 Categories
 Latest Articles
 New Comments
Buy Gold Today
 

About Us | Disclaimer
© 2008 gold-prices.biz