Metals Melting Lower

General markets continued to consolidate while we are seeing some nice moves in select stocks still. It is a stock pickers market at the moment and I am a stock picker!
Gold continued to roll over this past week as its chart has been suggesting. I’ve been right on weakening gold for some time and I don’t see any sign of a bounce to come yet, although now that I said it out loud we may bounce!
I don’t like to talk about my successes…but suffice to say, my email load has gone down significantly lately as the perma-bulls are either accepting that gold can weaken further or simply can’t admit being wrong.
While we’ve had some spectacular winners over the past month and a half, I’ve also taken several small losses and a few that quickly got away from us and grew to more of a loss than I’d have liked. On balance though, winners are outweighing losses and that is what matters.
I will never expect to have all winners, although it does happen sometimes, but being able to control and sell losers quickly allows the winners to take care of themselves.
I’m far from perfect and focus on and try to learn from my losses. Always learning and improving at this game is so much of the fun of it.

This post was published at Gold-Eagle on September 13, 2014.