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April 23, 2009

Warm-Up Post

Just a quickie here, folks. I'm back from vacation... had a wonderful time, thanks for asking... and am just getting warmed up to my trading desk again. I'll write a full post this weekend to get readers... and myself... up to speed. For the record, I currently hold a handful of short positions on the general stock market and also a nice line on precious metals, including silver contracts and a pile of mining shares.

I'm looking for a quick move down to the 65DMA on the S&P 500 and probably more, but I'll judge each step as it comes. I also think PMs are on the cusp of a large move higher, but frankly, I don't care if I'm wrong. A move down to $9 on silver would just see me doubling up. When it comes to precious metals, I'm in investment mode now, not trading. Alright. See you this weekend.


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