Posts Tagged ‘gold’
Went To 99% Cash Except For GFI Calls
I decided to cut everything. The SOL, JASO, SOLR, and anything else I had, which wasn’t much because I sold half of everything earlier in the week. I won’t hesitate to buy these back if they move further up with oil prices rising. I went short earlier this week and it just didn’t work. Finally …
I Am Early
I talked about looking for the this kind of bounce on May 23rd. With the futures up overnight it looks the market might string together a 2 day run. Will this be enough of a move? I don’t think so. I think this whole week might be in the books as being an up week. …
Now It Gets Tricky
Dumb luck catching all these moves right? Now it gets tricky. For the record I sold the MT calls this morning for 44% and closed my 2x index longs today at the close. SPX did 6.3%, NDX did 7.4%. A very big day. I’m back to 100% cash. I mentioned on Sunday that I’m looking …
Silver and Gold Broke Out
Silver and gold broke out. The charts have been saying this was coming. However, the issues with the Euro are probably what is really pushing this puppy up. I don’t care the reason though. Reasons are great backdrops for the charts and its nice when it lines up with the direction you want to be …
Back To Cash, Gold, Inverse Emerging Markets
Took gains in everything this morning. 2x funds SPX, NDX, and RUT at the morning price. Although waiting until the end of the day would have yielded better returns, I wasn’t about to chance losing the 8-9% morning gain. I also took my gains in X calls, CENX stock, TEVA spread, and took a small …
