Back in ZSL again. I think I will leave put options alone going forward and stick to ZSL and straight short SLV as protection for gold positions. Anyone with experience knows that spikes in gold overwhelmingly often do not hold on fear impulses.
Why would they? After all, it is a simple hunk of pretty metal used as a monetary surrogate during times of official paper money bastardization. It is nothing that should be associated with fear. Quite the opposite. The word value comes to mind. http://www.biiwii.blogspot.com
