I have DGP lots as high as $27.25. Started adding when Gold dropped from $1033 on St Patty's Day. Have 10 total lots basically $1 apart and am able to book on any pop like I did this morning on my $17.62 lot.
IMO Gold has bottommed so I should be able to start booking these on the way back up, and have probably been able to book and replace 10 times on the way down.
This along with AUY, SKF & SLW are the holdings where I have this many lots.I do this cause nobody can pick a bottom, but if I add every few %, i'll be able to book on any reversal and add back if pulls back further.
As for a recommendation, i'd say it's a nice entry point for all three, ST, MT & LT. Hope that wasn't confusing!!
5 comments:
this a long term play or short.
I have DGP lots as high as $27.25. Started adding when Gold dropped from $1033 on St Patty's Day. Have 10 total lots basically $1 apart and am able to book on any pop like I did this morning on my $17.62 lot.
IMO Gold has bottommed so I should be able to start booking these on the way back up, and have probably been able to book and replace 10 times on the way down.
This along with AUY, SKF & SLW are the holdings where I have this many lots.I do this cause nobody can pick a bottom, but if I add every few %, i'll be able to book on any reversal and add back if pulls back further.
As for a recommendation, i'd say it's a nice entry point for all three, ST, MT & LT. Hope that wasn't confusing!!
Did I mention that I am a tropical meteorologist in my real life?
Added SKF @ 116.17$
You did John, remember we chatted that I was going to go to college to be a meteorologist??
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