It’s time to do my only physical activity of the day and pat myself on the back.
Yesterday, just before the opening bell, I wrote a post called Dust to Dust in which I declared two insane things: (1) I was going to dump the entirety of my PALL position and take profits, in spite of its strength (2) I was going to defy the entire global precious metals rally and short the miners.
We’re only an hour into the new trading day, so it’s a little early to erect a statue, but the last two times I sold PALL (red arrows) the timing seems pretty decent.
More impressive, my bearishness on miners has been amply rewarded. Indeed, not only did I short GDX in my big account……….
……but I also bought DUST (leveraged bearish against miners) in two other personal accounts.
To which we can only conclude of my reckless insight and action:
