Buying Swing: GLL at 9.80 and GLD 108 puts at .80-.85 both O
Posted: Wed Mar 10, 2010 12:17 pm
Buying Swing: GLL at 9.80 and GLD 108 puts at .80-.85 both OVERSIZED. Exiting the bearish GOLD play at critical point in hindsight was a mistake but the possibility on this equation called for ither a sharp move up or down and wanted to allow the market to chose the faith of golds multiday to multi month direction. Now my strategy will be to accumulate the GLL ultrashort and new puts on GLD on any and all shakes from here on in. This as just mentioned ma be the commencement of the larger gold bubble bursting.