OK, confession time. I went bullish early last week on gold and silver, made nice profits, but I sold way too soon! My purchase timing was impeccable. My sell timing gets a "C-"! In any case, I do think the opportunity to enter the short side of these markets has come, with PAAS just one of many good candidates.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Trimmed Indexes Some; Vote No Bailout!
I bought a bunch of RUT puts on Thursday at the close and a bunch of SPX and NDX puts on Friday. I have sold off Thursday's puts at a loss (but a $7k loss instead of the $60k loss I witnessed Friday morning!) and a portion of the SPX puts at a fantastic gain. The NDX puts I'm holding, although I've tightened up my stop. I'm just a skosh paranoid right now, and frankly, the $RUT graph has become a distorted monster. It's getting too grotesque to trade, particularly with Friday's prints.
I just got an email from VoteNoBail.org, and I urge you to check it out!
Gold? Short. Oil? Short. Indexes? Absolute Midget.
My Fondest Wish for Paulson, Bernanke, and Friends
World of Cowards
Oh, how I just love seeing my quote screen with Communist Red warnings. What a brave new world we are in, when I am being told what I can and cannot do.
Enjoy the day, bulltards. No, I mean that.
