Preserving capital during these difficult periods should take on a higher priority than trying to maximize upside profits.
Thursday, July 24, 2008
Bank Stocks Plunge--Sell Gold and Gold Stocks
Although I remain long term (2-5years) Bullish on Gold and PM stocks with the break in support yesterday I forecast gold correcting to $730 and then another rally to $1000. I also think oil stocks will correct.
Preserving capital during these difficult periods should take on a higher priority than trying to maximize upside profits.
Preserving capital during these difficult periods should take on a higher priority than trying to maximize upside profits.
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