3 Answers

If you lost 20%, then the MF Bond price has DROPPED.    In that case you should not sell, you should BUY more shares in the fund, now that the price is lower, that will lower you overall per bond price.

The old adage, buy low sell high always applies in long term investing.

If I knew that in advance I was not monthly complaining that there were two weeks left of the month while my money is gone.

If your gold-related mutual fund is 8-15% of your total portfolio and you have a longer investment time horizon, I would either try to hang on to it or lightly trim the position to between 8-10 % of the portfolio.  In other words, own metals/commodities as part of your asset allocation.  However, if gold-related mutual fund is ALL you own, you should cut it by 1/2 right away and watch how things develop around the globe.

Gold generally follows the behavior of interest rates in the U.S..  Interest rates affect the U.S. dollar tremendously.  If you feel that the economy is going to improve after the election, then you can expect the interest rates in move up gradually.  If such is the case, then the dollar should become stronger, all things being equal.  Finally, a stronger dollar is bad for gold as gold prices react positively to a weak dollar.  You can tell that the dollar has become stronger (in contrast to the Euro) since the European crisis worsened the last few months.

Consult an expert for your investment needs.