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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Bill on the Hill who wrote (19156)	9/8/2009 11:56:35 AM
From: SliderOnTheBlack	6 Recommendations Read Replies (1) \| Respond to of 50404

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