Metals

To say the least, metals are on fire.  I have many IRA positions up 50%, 75%, and even 150% within a years time or less.  I don't think this is the final wave up in this sector, but it is getting stretched and I believe a pullback of some kind of magnitude will happen relatively soon.  What I'm going to do is take some profits here.  For instance, I'm going to keep my core GLD and SLV holdings but in my miners I'm going to sell a portion of individual names like EXK, SLW, and ABX.  Once we pullback, I'll allocate that cash into the broad indexes of GDXJ or GDX (which I already hold as well).

November elections turned out well and the GOP gained back the ground they needed.  Heck, Obama even apologized!  It is likely that the dollar will make all time lows sometime next year while stocks continue to rally.  The question investors need to ask themselves now is:  "When do we sell?"  After all, nobody will want to be holding when this all comes crashing down again.  My guess is, within the next two years we will need to sell.

I'm still not doing much trading.  After all, all the good buy entries have virtually vanished in the only bull sector still intact = PMs and miners.