Wednesday, May 4, 2011

Sell, Sell, Sell!

In such perilous times, caution and circumspection is most important.  Be cautious how you choose your words, as Jeb Handwerger, editor of GoldStockTrades, teaches us via this Barron's article:

"Now’s the time to transition out of precious metals ETFs,  Jeb Handwerger, editor of GoldStockTrades, told clients in a note today.
Gold has reached overhead technical resistance and overbought conditions are apparent, he wrote.
Handwerger also pointed out that he’s not alone in repositioning his portfolio."
Transitioning, repositioning, and not being alone amongst professionals in one's actions.  Best not to say "sell, sell, sell!".


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