AEM, NEM, ABX red...
Institutions ringing the register here on the large cap fav's.
Fwiw, buying puts into rallies allows you some leeway with
your stops.
The worst feeling in the world is to raise stops up tight
into a rally, and then get stopped out on a normal pullback,
only to be left chasing the next leg up.
I like to keep tight, tight stops on about 1/3rd of my PM
holdings, use puts to insure a 1/3rd, and then do a little
trading around the edges (rotating from leaders to laggards)
with the final 1/3rd.
Let stops do what they're supposed to do, but don't be
shy on buying puts for insurance - they make you money
on the corrections and give you flexibility on your stops.
Plus, Volcker and Summers aren't sleeping, especially with
an upcoming G-20 meeting in the US.
...well Volcker isn't anyway.
If I were a bankster-gangster, I would let gold run and break
through it's former high of $1033... doing and saying nothing,
sucking in as many momentum players as possible, and then
around $1080ish... I'd dump the remaining CB sales, and IMF
sales onto the market, along with the ususal naked shorting
from JPM et al.
Gotta think like a bankster-gangster, and trade like a thief
in the night, especially when the White House is loaded with them.
SOTB |
