The first bear position was added back yesterday and it is an inverse ETF on the S&P 500. Yes, the SPX is below the projected rally target (per previous post) but I am looking at bear positions in a scale-in way.
The ZSL silver short was ejected a few days ago (while it made a great profit in and of itself, it did not stop a net draw down from happening as the gold sector got creamed) and now I 'think' I will leave silver alone for a while and concentrate on shorting the various things of hope, again beginning with the bloated pig itself, the SPX. A strong up day today would get me feeling pretty bearish indeed.
Let's see how it works out. Gold miner over bought status (in ratio to the broad markets) has been relieved to a large degree and I am now more comfortable using the pig as a bearish counterpoint to gold stocks.
Of course, when you are going against powerful people (G20, etc.) who seem to cook up new schemes each weekend for the herd to believe in, you must preserve capital if things go the wrong way (up, past target in this case).
