Goldum Eye @the Eye of Sauros

On March 16th, a couple of hours before FOMC now usual "rates low for an extended period" announcement, I closed part of my long Gold position. I banked a small profit on the position traded in Mid-February at around $1100 (sold at around $1124). The old adage says "You can't go broke banking a profit", Sauros' update says "You will go broke banking a lot of small profits as a huge loss will inevitably wipe you out one day" and I consider it as a loss not only as my initial idea was not to take profit anywhere below 1140, the stop loss being at around 1060 but also as I have to admit that I got the things wrong.


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