Thursday, July 27, 2017

July 27 - Sold FCX yesterday and entered GLD short today

GDX is signalling another move down in GLD but longer term it is setting up for a big move up this fall.  Will enter long GLD/ GDX on a retest of the lower zone if we get there.

FCX I sold yesterday after seeing the weakness in steel names.  Still looking to re-enter but want to see things play out.

Also entered longs in DDD, NTES, URA, GBT w the proceeds of the oversized XME calls.



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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...