Sunday, December 11, 2005

Go baby go...

I guess you're all watching the Gold price sky-rocket at present.

This is good and bad.

Those of us (me included) who had sold some postions, are now rolling contracts to higher strike prices at a loss.

Always have your exit plan - and never fail to execute it.

The current 25 year high for Gold is somewhat unusual. All common sense says that it should start to come down soon - however, it's better to not make decisions on that basis. It's hit of exceeded your trigger price - so get out or roll now.

Murray

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