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Don’t get me wrong. I love precious still. I just think that, for the moment, it’s gotten ahead of itself. I bought DUST again this morning (I had a good trade from it on Monday and sold Tuesday), and today I’ve shorted SIL (the silver miners) for the first time.
I have a certain fondness for short-selling Abercrombie & Fitch (ANF), and it has absolutely nothing to do with their sexy imagery or me being bi-curious. I just think we’re being given a third bite at the apple here.
There are thirty equities in my Bear Pen, and I’m already short twenty-two of them. Below are the remaining eight, all of which are promising potential short positions, but for various reasons I haven’t quite pulled the trigger on these yet:
