About Me

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Colorado/Scotland, United States

Tuesday, 12 May 2009

Out

GDX, I sold all my position just a few minutes ago. That was a nice trade profit wise and going according to plan almost to a T. I will be looking to go short GDX. I will let you know when I do. However I am still bullish on gold and gold miners. I plan to play both sides during the rise. My indicators on GDX are on fire at the moment, so I will take advantage of this. This move up to recent highs in GDX should also correspond with a top of some form in the market. That is why I shorted Q's at open today as well. My stop on the Q's $35.34

Saturday, 9 May 2009

Relative Strength


Which do you want to own? GLD is GOLD ETF and USO is OIL ETF.

Thursday, 7 May 2009

GDX

sold some more at open, also sold GG at open.
Climatic top being put in right now. The market is under distribution as the thing moves closer to 200d and its the first test as well. Enough said Im short but hedged with GDX, its nearing my 39 target where I will sell all longs.

Wednesday, 6 May 2009

More

GDX sold more at open, but thats all until 39 or higher.
IWM shorted at open above 51$
GG bought some 29.50$, its a component of GDX.

Tuesday, 5 May 2009

Sold

FXI was sold yesterday. GDX partial sold at open today. Still have most of that position.