Thursday Nov 1 2012
An alert reader sends this article which highlights the seasonal tendency for gold todrop in October.
I am scaling back into previous holdings. Note that XES has fallen from 37 to 33 along with the drop in the price of oil. Today it movfe up 1.89% which is quite significant. XME had a big move of 3.8 %, clearly I have been foot dragging here. I also entered orders for SIL, COPX, REMX, GDXJ, AND XME. I will add XES tomorrow. In Fidelity I am adding Fidelity Gold and Global Commodiites.
The correction in themarkets appears to have ended.