On October 14th I mentioned that shorting gold might be a good idea. Although I didn’t participate in this trade, I mentioned the setup was there. Why I didn’t get involved in this one? Funds wrapped up in my previous ideas + funds settlement hell.
From October 14th 2008:
Where we are now:
Well we now know that [...]

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Its going to be interesting to see what happens tomorrow, but the DZZ (inverse gold 2x) is showing a buy and everything gold is showing a sell here on my charts even though today most gold stocks are UP. I’m not going to participate in the trade since I’m committed already, but I like DZZ [...]

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Note: This was supposed to be posted late last night….
When I said, “I also like GLD here and may be picking some up. Fuck it, forget the GLD and go for the double gold ETN DGP.,” I wasn’t kidding. DGP is up 31% since that comment.
Now Cramer mentioned Gold tonight as a reco to all [...]

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Posted @ 10:36 am “Its likely though the fear will materialize today.”
NDX 5.31% = 10.6%+ for double beta inverse funds and inverse etfs.
RUT = 9.6%, SPX = 9.4%. I’ve been trading the double beta Rydex funds much longer than the QID and QLD have been around and this was one of the best moves I’ve [...]

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My ABX calls are up 62% right now from yesterday’s buy and I bought some DGP as well.
Gold was mentioned as a potential buy here and here.
I said it last night…market is coming back to reality this morning.
I was heavy short which means every investable penny I have was positioned short. I reduced that exposure [...]

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I’m fading the fed today and went heavily short all over again. Loaded up TWM (wtf was with that today basically getting back all of yesterday’s losses), and SKF. Going heavy means moving the big $ to the index funds. Specifically Inverse SPX, Inverse RUT, and Inverse NDX.
I think if there was ever a fade [...]

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Essentially I made one terrible trade which got me caught on the Thursday downdraft. Now I’m looking to get short and in fact did today in the indexes. However, it looks like there might even be the beginning of that bounce I was talking about happening yesterday. That is ok, because I will ladder into [...]

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Instead of waiting till the close to put back on shorts I took off in a profit taking protection manner (which was smart), I decided with the RUT up nearly 3% (for 2x funds) and the NDX up 2%, I bought QID and went short with my index mutual funds heavy. Market has sold off [...]

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A great day! 4.6% in the RUT or 4.3% in the TWM. If you don’t know, TWM is an ETF that gives you 2x inverse of the RUT daily close. I cutback my index short at the close significantly to protect profits. I went from being heavy or all in short to lightly short. I [...]

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I was mostly in EWZ and had no index longs today despite the move up. EWZ, however, produced a nice result of 3.5%, but mostly in the range of 2% for my accounts. I dumped most of it today near the close, however, I do have a small amount left over that I wasn’t fast [...]

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Shorting AMZN @ 74.5 via July 67.5 puts.
I knew I dumped my inverse etfs and my ABX calls waaaaaay too early. Its typical. 200% now in those ABX calls…F$C%!

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Bought more FXP this morning. TWM and bought some ABX calls. Watching gold closely here.
More morning down movement this morning is doing my account good.

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Being long. I took profits this morning, but the market had a little more in store. I was happy with my gain. 2% in NDX and 1% in RUT.
INNO - Bounced back in my yearly portfolio. Up 8% today after it dropped big the day before.
AGEN - Busted higher. Up 9%.
JAVA - Continues to perform [...]

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Sold HSVLY (still have some in another account) and sold VSCI (still have it in my strategy account). Took 15% gain in HSVLY (gave up 10% over the last few days) and 5% gain in VSCI.
Bought more GSS. My IRA is overweight GSS now.

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UVE - Continues to perform.
BWLRF - Started out the day with an erroneous tick. I was shocked to see -31.5% . Shocked to say the least. Ended up 4% on the backs of the commodities being strong all day after the FOMC minutes were released. Up 22%.
EGI - A gold stock and longer term hold [...]

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