As planned, I sold out all my PM call options today and flipped over to puts. I added GLD 139's and SLV 36's expiring tomorrow and GLD 135's and SLV 34's expiring in May(all puts). I bought some major volume(for me, anyways), although I know I am definitely playing with fire here.
Added to TLT puts. Added to UUP calls(rolled some over to May).
That should pretty much do it, for now. Wait and see what happens next.
Bonus, What's your thought on pm's being in not say a bubble but, some sort of a top for now. Because here's my thought commodities have heated up so much with m2 going vertical that the fed at this given point is checkmated. There only choice is to take money out. When they do that we re live a sort of 2010 with stocks that are bid up on poor volume taking a hit going into q3 and q4. Because at some point thats the only way to stop commodities...oil in particular from going nuts.
ReplyDeleteNo doubt that it is possible we reached a top in gold/silver. Nothing tends to go up in a straight line.
ReplyDeleteI think that's why its important to have some of your holdings as physical that you don't worry about market timing with. There is no way of knowing for sure what those madmen controlling our economy are going to do next(although, odds are the answer is they conjure up more zeros).
I am definitely looking for parallels between now and 2008, leading up to the market/commodity crash.
Thank you for all of your posts. I've been following you since Zecco. What broker are you using now? Are you happy with the service?
ReplyDeleteYour welcome.
ReplyDeleteI plan on putting up a post about the broker(optionshouse) I moved to. It has been a very nice change from what I am used to.