SCO and DUG dumped for excellent profit (secondary) after providing portfolio protection (primary). Former portfolio guard BOM, the base metals bear, added back (on this morning's downside, or upside in base metals) to replace the departed oil bears. Short roster guarding what I consider a prime portfolio of gold producers and explorers now consists of QQQ and SPY shorts in one account, and QID/SDS in another. Also junk bond bear SJB in both accounts and now BOM in there too.
It looks like market capitulation could come sooner rather than later? Another question is, who's gonna be able to take advantage?
http://www.biiwii.blogspot.com
http://www.biiwii.com
It looks like market capitulation could come sooner rather than later? Another question is, who's gonna be able to take advantage?
http://www.biiwii.blogspot.com
http://www.biiwii.com
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