Silver’s down more than 8% this morning …

Silver’s down more than 8% this morning as the dislocations I was looking to take advantage roil the precious metal market places.  Gold is down 2.5% too.  A “dislocation” is anytime a trading asset moves more than 2% intraday, and is often an indicator of an ugly topping process.  Read this post for more: http://tradingwithcody.com/archives/1328.   We have some nice gains in both short metal positions now and I’m going to let them ride for a bit.

Riverbed’s caught a bid after its recent fade and is up nicely this morning working in our favor too.  And we’ve got a short position in Cablevision, which is down 3% after reporting earnings that disappointed Wall Street….the demise of the pay-for-100s-cableTV model is underway.

Stay free-thinking.  Back in a bit.