Went To 99% Cash Except For GFI Calls

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January 30, 2011

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 on Friday the market made up for it. Not that I caught it. Just saying this needed to happen on a technical basis. I think we can go a little lower from here. Which means some more bounce in oil and gold. I bought GFI at the close Friday based on this chart.


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Have a good weekend.