Thursday, November 6, 2014

Nov 6 - More consolidation

Closed IWM short at cost and waiting to see how this consolidation plays out for a long position.   GLD continues to consolidate yesterday's drop and still holding a very large short position.  Monitoring the position carefully as we are seeing a lot of 'predictions' by mainstream financial media that precious metals will drop a lot further.  I am wondering how crowded this trade is now.



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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...