Gold/XAU Ratio 4.54 Today I sold BVN--a major analyst gave a down grade. Profit of $2,200. I will keep a sell stop at resistance level on $HUI 320 or $XAU 130.83 on my gold and silver stocks. Plan to buy TGB if trades near its resistance at $3.50 but there probably will be 2 or more days of distribution before buying TGB. MY gold stock portfolio (AUY, GSS, SRLM)is up $17,000.
IBD records a distribution day on NYSE and Nasdaq.
Tuesday, July 10, 2007
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