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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (54124)	8/29/2013 12:53:32 PM
From: NOW	1 Recommendation Recommended By Fiscally Conservative Read Replies (1) \| Respond to of 222135

What happened to : GROUND Zero, Weds 8/21 @ 1:23pm: I do see GOLD going higher, much higher... in fact, I added more today in this pull back and I also loaded the boat today with silver.

To: GROUND ZERO™ who wrote (54124)	8/29/2013 3:34:25 PM
From: Machaon	Read Replies (2) \| Respond to of 222135

I dumped ALL my long gold and silver positions this morning... I'm now lightly short Thanks for the update! My adventure into a covered call on SLV was an in the money $21 expiring Sept 21. I am protected on the downside until $21 and not eligible for any upside. In my case, I am holding onto my SLV/Covered call positions. If SLV goes below $21, then it would open up the possibility of adding to my position. I am also hoping that SLV continues down and I am able to buy the call back at a rock bottom price. Covered calls sure do make a "catching a falling knife" trading technique more profitable and safer, in certain situations. The fact that you dumped metals and lightly shorted boosts my confidence that I might have done the right thing. I don't suggest anyone follow my lead on this trade... I find your input invaluable! Your model kicks arse and so do you! You competently combine your model of probability with insight and knowledge of market behavior. I enjoy and benefit from using your input with my own individual situation and trading style. Of course, no one should expect you to be right all of the time, but you do provide information that raises successful trading probability, IMHO. Thanks for taking the time to provide updates to your position! Much appreciated! :)