Thursday, October 30, 2014

Oct 30 - Still plowing higher

Again another bullish close and looking for a retest of previous highs very soon.   Breaking to significantly higher highs next month is not inconceivable.   Gold and silver sold off and getting closer to another potential move down.  I have a very large short position in GLD and looking for 105 as initial target and potential 90-95 eventual target maybe early next year.  Accordingly the US dollar moving up in inverse.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...