In today's market it just doesn't make sense to buy and hold. My portfolio has taken a substantial hit these past couple of months, with the greatest drop in the last 2 weeks. Gold needs to hold $1600, and all signs point to $1440 on the downside if that level doesn't hold. As I write this, gold is at $1590.
In Canadian dollars, gold is at $1648 C$, which currently places Canadian miners in a sweet spot.
Choose your favourite miners and begin accumulating when those stocks settle down and it appears to be consolidating. The period leading up to Christmas and New Years is a quiet one with very low volume. Trade carefully, and invest wisely.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p52772616999
Until we get a clear signal for the upside, be like Jack, nimble, quick and buy higher when a stock begins uptrending.
Merry Christmas to everyone, and here's to a healthy, happy and prosperous New Year!
Cheers
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