I'm out, for now

Well the market has gotten ahead of itself if you ask me so I spent the last few days exiting positions. Here's a recap...sold USGL at $9.10 for a one month gain of 11%, sold GG for $39.02 for a 7 month, 93% return, I also sold SLW for the same price I bought it and sold CKCM for a quick 11% loss. I think the long term trend for gold is higher but I just wanted to take it off the table and take some gains while I know its over extended (GLD's RSI is around 80). That's not to say that events couldn't drive the price higher in the short and intermediate term. I just think its more likely that gold pulls back closer (maybe not all the way to) its 50 day MA. I'll be looking for entry positions in the oils and gold in the next month or two. As for other ideas...PEIX has been out of this world and I wish I would have bought it when I started following it about two months ago when it was sitting at nice price of about $19. Two months later its at $40 and I'm playing the what if card. You win some you lose some. I didn't want to chase and the stock didn't want to come back for me. I'll live to try again. I currently own no stocks, which is scary and kind of annoying. This a point where bad traders get antsy and make a mistake chasing something. I'll wait and find the right opportunity.

Tomorrow one of my good friends is getting married. The first of my close circle of friends. It should be a great time. I wish Taylor and Liz the best. Cheers.