Recently I sold GDX, DBA and DBC before the commodities sold off, which was a great move. I kept my gain. And I added on the first sell off on March 20 and March 24th, which was again a great move. But I didn't sell, and yesterday it fell below the price I paid. I added DGP and DBP again yesterday.
Lessons learned:
- When you luckily picked a bottom, and your positions showed a profit (like on March 27th), 10% for my SLV and DBP, should sell.
- Since I thought this rally would be sold. I was expecting GLD to test just below $1000, like $980, I was wrong, it didn't even pass $950.
- Now I added more, I have too big exposure to gold, silver and other commodities, I need to reduce the positions on rally.
- Long term, still like gold and silver,but with recent vicious sell offs, my thinking is not as strong as before, so reduce position is a good idea.
- Think DBA is still the best, even with Barron's article, it showed strength, compared to precious metals.
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