VanEck Vectors Junior Gold Miners ETF trimmed to 3.0%

VanEck Vectors Junior Gold Miners ETF (GDXJ, 3.0% of JIC Portfolio)

I have given the position a “haircut”!

It has had a tremendous run pushing the RSI to 70. It looks a little overbought in the short term so I have sold 15.0% of the position, reducing it to 3.0% of the JIC Portfolio (v my original target weight of 2.0%).

It increases my cash to 0.6%.

Ideally, I would like to see my cash increase towards 5.0% into this rising market, to give me some firepower on any pullback.

I sold 71 shares at £3848.05p, raising £2726.17 and recording a profit of £825.19

Screenshot 2020-07-21 at 13.23.24