Another NFTRH bull stock gone

Last week I showed the sale of TGB at the 'conservative' target (get a load of it today - it's breaking out). Also sold from the bull holdings are things like URZ, PBW and ERF. Today, NFTRH's China exposure met the profit axe in the form of TDF being sold a little below target (+17%). That leaves a couple commodity ETFs, a couple uranium stocks and a commodity royalty company among a bunch of precious metals stocks. I hold most of the PM's strongly, but this other stuff is for profit taking. This is profit earned by stepping up and buying when the slap happy bulls were too afraid to. Now they feel they have license and courage because it is beginning to feel OKAY to buy.

Silly bulls. The rally probably has a while to run, but looking at various gold ratio indicators, I think it is time to focus on the real analysis as opposed to bull speculation. I love looking at the casino from the outside. The air is fresher out here.

Edit (2:05) Oh man, they are serving this up on a platter. As I was skimming through the MSM looking for the latest rationalizations to justify the bullish activity, I came across this absolutely wonderful nugget.

"One thing that many people are beginning to believe is that the market is going to bottom in 2009," said David Waddell, senior investment strategist and chief executive of Waddell & Associates. He said he's starting to see some "seller's remorse" among his clients. That can move people into buying mode, he said. --AP

I have been expecting this kind of idiocy as a signal for caution and here is the first astoundingly excellent example.