Originally published by Chamber of Merchants
Good morning everyone,
I have converted to cash on roughly 75% of my positions.
I will be on the sidelines until I can confirm whether a rally is resuming in the gold miners or whether we’re going to commence a correction.
(Gold miners may resume their rally which means I would be missing out, however, I am comfortable that in the 50 weeks remaining in 2017, I will have a few more excellent entry positions at support levels).
I will continue with insights no different to any other day and will post a portfolio change once I decide on re-entry.
Since my account’s December low, this trade represents a 25% (55k) increase for the year.
My aim is to repeat the process 3-6 times again in 2017.
I also look forward to sharing in your success and victory in the stock market too.
Think Better.
| the Merchant