01.03.08 15:50 Mutual Fund Portfolio Trade Update

Closing out the TGLDX trade at the close today. Still like it, but with over 4% yesterday and another nice move in gold today, going to lock in an estimated 6-8% gain in 2 days. Also hearing talk of $1000 gold on CNBC today and that is usually a good indicator it is getting ready to get hit. In any event, taking the gain off the table.
.
Will enter UOPIX at the close today. Likely just another 1-2 day trade. Nasdaq down 5 days in a row and a bounce is likely. The first 4 days of the month are historically the market's best days, and two of them are out of the way with disappointing results for the bulls.
.
01/03/08 15:47