"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, August 12, 2010

Less short...

For better or worse, SDS (SPX) and ZSL (silver) bear positions are in the books profitably.  Nice to see the bear positions kick off profits at the same time the gold stocks do so on the bullish side.  Still short euro and financials for good measure, and holding a big bunch of percolating PM stocks.

The markets are officially functional again... or was it me that was non-functional?  Never mind.