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Here’s my positions, in general order from largest notional position to smallest, though they all are about where I want them to be right now: Longs – Corning Cisco Nuance Celestica Cypress Riverbed Ciena Apple Microsoft DBA Visteon Google Nokia Adtran Shorts – GLD SLV LPS XLF LYV
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Silver and gold are both up today, silver up 4%, gold up 1%. We covered our common stock short position and still have nice gains on our puts. I am not doing anything with silver and gold today, but were silver to get back closer to $40 again, I’ll
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What a week! We had some losses to start the week off as our long streak of winning days ended, but our timely shorts in gold and silver along with some big moves in Cypress and some of our other longs bring us to the green for the week’s
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Remember how I told you guys a few times over the last few weeks while we were letting the portfolio stew a little bit and not doing many trades that we’d soon have some wild opportunities to do more. Does the 20% gain on our silver short in 2
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The country adds 220k jobs according to the bureaucrats measuring this stuff and fully paid for with your tax dollars in this supposed budget-crunching time in April and the market’s get a sigh of relief. Most of our stocks are up across the board, including gold and silver getting
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“Thank you!! You paid for my subscription for the year. Bought the ZSL yesterday and probably sold early but got a 20% return in 24 hours. Great call.” – Sarah Now this is what I’m talking about! Feedback from a subscriber who nailed the silver short trade with us using
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The broader markets are suffering today, but that’s not the case for our own portfolio as we enter the contra-hour. The 11% intraday drop in silver and 3.5% intraday drop in gold (and oil) declines are rather stunning in their magnitude, and I will be frank in telling
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The dislocation in gold and silver (and oil) are definitely the market story of the day, and everybody I talk to today wants to analyze why. Here’s an expanded and more detailed version of the post I did about why I started shorting gold and silver earlier this week.
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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
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Shorting gold and silver today. But first — one of our loyal subscribers writes me: “If we are long term, is today not a day to buy a little more across the board?” The answer depends on you and what you’re trying to do with your own portfolio. My mission
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Good morning and welcome to the terror dome. The markets tried to open flattish, but quickly faded lower and it feels, shall we say, “squishy” out there this morning. The markets and individual stocks need to shake out the weak hands and punish the johnny-come-lately-bulls who were late to the
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Time to start shorting the precious metals? Back in early 2007, I used to write about the “dislocations” that were suddenly showing up with more frequency as I was worried and started selling partly because the stock market was seemingly entering a blow-off top phase. By dislocations, I meant any