You'll notice that the price pretty much rides inside a channel. One of the challenges an investor has is the issue of when the best time to buy is. We've noticed that, in general, if you keep some spare change handy for times when the price meets the lower channel line at around the same time that the relative strength is weakest and nearest 30, that's a really good time to bite.

Once the price meets the uppermost channel line then that's a good place to peel some shares off and take some profits. Jim Sinclair recommends that one peel only a third of the total investment and let the rest ride the Golden Bull. That way, you're able to stretch your profits and, if you're wrong, still have enough in the market to enjoy a nice return.

We figure that the Golden Bull has quite a number of years ahead in its present bull run.

So, is now a good time to bite? Well, it is entirely possible that the shares could decide to run in a more parabolic fashion right up out of this channel. But, based upon the recent negative divergences that have appeared in the RSI and MACD histogram readings, we think it's more likely that at some point the shares will visit the lower RSI and Price Channel boundaries and that would be a better and lower risk place to add shares. We'll have to watch and see what the market gives us and hold on tight to our present positions while we wait. Oh yes, we do have a nice round of gunpowder should that opportunity visit us later this year!

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