Dear Sherlock,Got to keep your eyes on the big picture globally...

Dear Sherlock,

Got to keep your eyes on the big picture globally to avoid surprises.I bailed all Gold positions over a month ago when I saw that Gold was having a problem holding to $1600. I dropped SAR 30 minutes after their write down hit.

http://www.marketwatch.com/story/why-gold-and-silver-are-in-the-dumps-2013-04-11

I am still watching though with interest and am pro Gold in the long term but I am not a buy and hold person, I have set 10% stop losses on everything I touch, people could save a lot of cash if they did as well. Your point about if the Gold price drops others will be in much more strife than SAR I find irrelevant, your point on cash creating flexibility is only valuable if the cash is in your own pocket.

Good luck to you, but I find your posts puzzling.

DYOR, I make wild guesses