Thursday June 21, 2012
I concluded this morning's post suggesting we exit stock positions. That was dashed off and poorly phrased. I meant that if you have some profits one might take them. I did say that earlier in the post.
My view watching today is that this is just another pullback in the middle of an up move. the Greek drachma,if it rises phoenix like from the Greek mess, is still not stronger than gold or silver.
I took some profits but remain long CEF and GDXJ positions, looking to add XME, XES on this pullback. More later today or tomorrow morning.