Thursday, November 4, 2010

Panama Gold --- Sure glad PTQMF was long part of my portfolio

I have future orders to sell ES below 1216.

I have QQQQ puts that are about as close to worthless that they are not even worth selling, just hold as lottery play.

I have over 19999 shares of PTQMF.

GDX looks good as a long brekout, but the bullish percent index on Gold Miner is over 80 and that "as part of the rule" calls for taking short position against GDX. Hmmmm....can't go long market, can't bring myself to go short GDX at this time as Global currency wars are about to go past rhetoric and into full scale action.