Covered all short/bear positions except for the FARO 'fun' trade, which could terminate at any time as well. Risk, reducing in the precious metals as I believe it is, is now being managed with healthy levels of cash. Also, I have used the last couple days to improve the 'quality' of the portfolios, adding a higher proportion of gold stocks that I think will correlate to the HUI, which is after all the standard I use for the gold stock sector. All core items remain held firmly.
Yet, the broad market is in a bear market. As we head through the holidays, I'll be ready to ramp the risk management as needed, or even try to just capitalize on bear opp's stand alone if the SPX gets back up to any kind of no brainer shorting level.
http://www.biiwii.blogspot.com
http://www.biiwii.com
Yet, the broad market is in a bear market. As we head through the holidays, I'll be ready to ramp the risk management as needed, or even try to just capitalize on bear opp's stand alone if the SPX gets back up to any kind of no brainer shorting level.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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