I am none too pleased with myself. Good for me for going long gold. Shame on me for not having faith in the potential of the bear market. Today is crucial. Are we going to break Monday's lows? If we do, look out below.
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IRX – Good God!
Care to discuss what the implications of this are?
Gold: Yay! NASDAQ: Boo!
Well, the gold longs are doing fantastic. My QLD long got blown out of the water. Naturally it's a bit painful for a bear with no index positions to see the market still trying to find a bottom. But at this juncture, I am simply not comfortable pursuing any more index puts. To my mind, the risk is simply too high, and I'd rather focus on better opportunities.
Golden Morning
So far, so good. My bullish (yes, you read that right; bullish) proclamations on gold and oil yesterday are working out pretty well.
Wednesday Morning, 3 a.m.
Hi everyone – I will be tied up this morning, so I didn't want people buried in charts and hundreds of comments; this is a fresh start for the day; if you'd like to read last night's post, it's right here.
