Monday, August 22, 2016

Aug 22- Still long GLD

Added some TWLO, AGU, NUGT, SLV last week in addition to the DGP position.  I sold the CMG and will still be eyeing it.

Looking for a bounce in precious metals.

The discretionary account took a hit last week mainly due to the early precious metals entry and is already down 6%.  Will have to trim back position size.

The volatility account is up 1.5%



2 comments:

Geet Khare said...

Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. capitalstars

Geet Khare said...

Crude rebounded further in Asia on Tuesday as investors took advantage of a sharp overnight fall ahead of U.S. industry estimates on stockpiles later in the day. capitalstars

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...