Gold and Silver virtually hit our intermediate targets today. With gold at 1425 it is close enough to the forecast of 1455 we made at around 1150 to take some profits.
Therefore we took some of the short term positions off into the close and adjusted the hedges accordingly, leaving us slightly net short equities.
We do not touch our long term positions here as we are still far from the long term targets. We will hold bullion until the currency war is abating. To put this in perspective, that puts us in about round three of a fight that could easily go the twelve round distance.
