Gold Out, International In
Made my move today. Gold fell down to it’s 50 day moving average so I got out at $61.15. A 3% loss for GLD but very minimal damage to my overall portfolio. Looks like XLE is heading south as well. If it reaches its 50 day moving average, I’ll be out as well.
I was just looking over my choice of funds in my 401K and positioned myself in for GIEIX. This fund has been doing very well in the past 2 months since I dropped it from my portfolio nearly 60 days ago. It’s gone up a good 13% since June 14. I might be in it too late, but it looks like the trend is up for this fund so I’m taking a gamble on this one with 33% of my 401K. In any case my stop loss is in place just in case my hunch is wrong.
