Gold Above $1,020 - Trailing Stops

Folks, Silver sprinted to above $17.30. It is now $17.32.

Gold has spurted to over $1,020 over night (early this am). Here is the Kitco.com graph. Gold is now $1,018.70.
The question for us is, "Will they hold at this level without a correction?" God knows the answer to this, and we do not. Thus, if you have some doubts about holding these levels, I suggest some trailing stops. However, I would suggest that you use at least 10% stops or even higher. You may give up a bit of profit, but at least you will be protecting against short drops down followed by resumption of the rising price. We are too often stopped out on small drops of short duration.

Here are our miners:


Remember that God is in control. However, He gives us brains and warns us in Proverbs to be diligent in management of our flocks. I believe this applies to our investments, as well. Thus, watch them carefully.

Best to each, Doug