Hanging Out

Pretty much sitting back. Sold most of my USO options when it was in the 43's. I held on to the June 36's for insurance. Moved into CDE calls at May 36's and June 35's.

Amazing run in silver. I'm not sure where that thing might eventually slow down. I am guessing we see another good report by CDE around May 9th or so. Hoping to see another move in the stock like we had last quarter.

I pretty much want to sit neutral for awhile. There is too much going on and nothing seems to be acting correctly. Somehow the dollar and bonds managed to rally when the S&P went negative watch on UST.

Something has to give here. This could get ugly quick.