FWIW, I bought back in yesterday about half-way and now have about 15% cash. I like the overnight support and evidence of Indian buying. I don't like what looks like a head and shoulders pattern on the daily gold chart.
Its very expensive getting in and out of these Jr stocks (say 5% hit). I didn't lighten up as far as I did to make money but rather to protect myself against major damage. Now that all of the fundamentals have lined up (money growth, sub-inflation rate interest rates and Asian gold buying), I'm not so afraid.
In retrospect, it would have turned out better if I'd just been "long and strong".
My three biggest holdings at this point are Gold Resource Corp (GORO.OB), Castle Gold Corp (CSG.V), Dynasty Metals And Mining (DMM.TO).
Gotta go,
MontyHigh
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