Market Curiosity: Exploring Markets And Systems

September 11, 2011

Considering shorting gold or silver — only for a short heretical time :-) (update 2, Sep 12) +4%, +9%

Filed under: +0 to +5%, +06 to +25%, Long Puts — Tags: , , — Jeff Fitzmyers @ 10:16 pm

(Did you know the origin of “heretic” is ‘able to choose’?)

A longer term look at gold.

A possible downside target could be 1,750 ish.

Great post by Peter Brandt Silver is a cross dresser!

References: Silver, seasonality, SIFO, BASENS comparison, SLW

Sep 12: Long GLD OCT 175 puts at 6.75. Long SLV OCT 39 puts for 2.10.
Sept 12: sold the GLD puts for +4%. There was little leverage in them (I bought them poorly which did not help). It seems better to deploy the money in a different way. I don’t pay much attention to how “expensive” options are. I might look into that. I was also short December gold. That ended up at +8%. I’m impressed gold did not go lower. And SLW is recovering well. In fact too well. Sold the SLV puts for +9%. This whole precious metals correction might just end up being sideways consolidation. And every central bank is printing like crazy.

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