Sold a bit more last night, should be settled at 1870, need income via dividend...wondering if I should have sold the whole lot (using a mutual fund so exits are a bit delayed). Should gold continue tanking from here...
Have 300 units left $10 entry, last exit was at 17.60 ish, want to hold the last 300 to see if gold can reclaim 2K and beyond, but my patience is dwindling...and income is necessary. The thesis of "real rates" capping gold's upside seems valid though, and no amount of goldbug complaining will solve the problem.
Should gold catch some bullishness and actually seek new highs, will cash out mechanically/technically...but I fear that I will have sold for dividend income before this manifests. It is a matter of psychology and I am my own worst enemy in this case...but "cash-in-hand" is better than a dream of "making it or striking it rich."
Have 300 units left $10 entry, last exit was at 17.60 ish, want to hold the last 300 to see if gold can reclaim 2K and beyond, but my patience is dwindling...and income is necessary. The thesis of "real rates" capping gold's upside seems valid though, and no amount of goldbug complaining will solve the problem.
Should gold catch some bullishness and actually seek new highs, will cash out mechanically/technically...but I fear that I will have sold for dividend income before this manifests. It is a matter of psychology and I am my own worst enemy in this case...but "cash-in-hand" is better than a dream of "making it or striking it rich."