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Take Some Money off the Table

Bob Moriarty
Sep 11, 2009

This is an opinion. It is only an opinion. I am not a guru. I don't believe in gurus.

The stock market is getting nuts. It's been a wild ride higher and now everyone wants investors to believe all is right with the world. It's not. Things are getting worse daily. If you are in the stock market, take some money off the table. There are more optimists now than there were at the market high in October of 2007.

The dollar is getting clobbered. Everyone hates the dollar. When everyone hates the dollar, it's going to go higher.

Gold and silver are behaving well but they too, are overdone. You don't have to be 100% invested all of the time. If you have some profits, take some money off the table. If you don't have profits, you haven't been reading me for the last nine months.

We probably are not at exactly a trading top but we are pretty close. Better to sell a day early than a day late.

This is only an opinion. It didn't come down the mountain with Moses carved into pretty marble. But I'm going to the caution mode myself. It's been too easy to make money for too long and that always makes me nervous.

Bob Moriarty
President: 321gold

321gold Ltd