Sell Market Vectors Gold Miners ETF (GDX)
05/11/2010 1:25 pm EST
But I think the risk reward ratio is shifting.
Gold is getting closer to the end of its rally and emerging market stocks are getting closer to the beginning of their recovery.
So I’m going to exit this trade to raise some cash for an eventual move into China and other emerging markets. Not yet, mind you, but soonish. For more on China’s bear market in stocks and what’s behind it see my post http://jubakpicks.com/2010/05/11/chinas-stocks-enter-bear-market-territory-on-inflation-fears/ .
As of May 11, I’m selling Market Vectors Gold Miners ETF with a 10.3% gain since I added it to the Jubak’s Picks portfolio on April 8, 2010.
Full disclosure: I don’t own shares of any stock or ETF mentioned in this post.
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