Hi Snowshoe, <<They flipped the switch, Jay. Right now it's party on with Dow up, dollar up, gold down. Perhaps until the early part of next year>> Judging by the way the market reacted to not so good news last night, and by the apparent climb down on what was to be a war stratfor.com, and by the looks of the chart embedded here forbes.com , I could go along with a PUCD (party up chow down) scenario, with the proviso that we may still have a hiccup in September/October time frame.
But, no matter, my shorted puts will not likely need to be made good ;0)
Message 17888598
"Short CMCSK January Put 12.5
Short VZ January Put 25
Short BP January Put 40
Short HGMCY February Put 10
Short FCX February Put 10
Short AOL January Call 10 covered"
and I am positioned to buy more gold at cheaper prices, readying for DDQDGU (dollar down, Q down, gold up) and PDCU (party down, chuck up) days to return starting Feb/Mar.
Chugs, Jay
P.S. The Tokyo governor had no Yen risk, because his revenue and expenses are in Yen. He has now taken on a dollar risk. |
