ggersh,
I'm actually in agreement with that, but I don't think it will be Monday. The bullion is no-brainer. If it runs up again to 1425 or so, I'll put on a short. If not, I'm happy holding it, up or down, for the long ride into phase three of the PM bull. The major miners I've added on Friday are already green, and I'd cut em loose fast if we had a correction.
But, I think Monday will be a pretty large up-day, hence I held the miners. The G20 didn't do squat, as expected, and with another QE heroin injection, we should see a reversal from Friday.
Now Tuesday is a different story. I might sell a pop on Monday and then get short for Tuesday. I don't know yet, but I'm trading the market with a horizon of exactly 1 day.
And yea, it is well known by shorts that we don't get paid as often, but when we do it is three times faster down that up. A nice payday for shorts is coming, but I just don't know when.
GT
TH |
