Getting More Defensive and Raising Cash

I took profits today on shares of EPD (see chart directly above) which were purchased on June 14th. It was a quick 6% profit. I had thought I'd sell it when it reached $25.50, but this market put me in a selling mood. I also took profit on shares of NYX which had a nice bounce and sold shares of Nvidia at a 4% loss. Selling Nvidia looks like a timely sale as AMD announced after the market closed that their revenues will fall far short of expectations. That announcement could hit related computer and semiconductor stocks hard tomorrow, and with current geopolitical issues this market might be looking for an excuse to go lower. I put some of that cash to work immediately by buying more shares of gold (GLD) (see top chart above) and silver (SLV). Recent purchases of these two precious metal ETFs are up between 10.40 and 17.41%. There’s nothing wrong with adding to a winning trade.