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I bought North American Palladium (PAL) in the pre-market on Tuesday at $6.46. Not such hot timing as it appears we began a sweeping profit taking correction in the precious metals space several hours after my purchase. As my readers know, I try very hard to not sell a miner at a loss because I think there is rarely a reason to do so. That is to say that the secular bull market for precious metals is alive and well - and will, with 99% certainty, bring price back to give me a profit if I am patient. The challenge at this point will be to see just how low I can buy another slug of PAL!
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Click on the charts to ENLARGE
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Once the hand writing appeared on the wall, I decided to do a bit of profit taking myself and raise some cash. I sold my shares of Global X Silver Miners (SIL) at $26.42.
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My TSI trading record has not been updated (just yet).
Nov. 23 Weekend report
1 day ago
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