Selling Swing: GLL at 9.55 and GLD 110 puts at 1.11-.07 area
Posted: Wed Mar 10, 2010 11:06 am
Selling Swing: GLL at 9.55 and GLD 110 puts at 1.11-.07 area. we entered the GLL position at 9.25 so small profits and a 10 cent loss on the GLD puts. The gold pull back never saw real follow trough and on my formulas multiday direction may tern bullish again. This time am not yet ready to make new bullish GOLD positions though but rather wait and see for the possibility of a strong metals rug pul , especially if more exposure is shown in the European PIGS. In other words I am long term bearish but in-between points am not trying to fight the tape.