Back down chop

More sds (200) at 32.5. Stop @ 31.5 target $36


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Closed Gold Shorts

Sold all 1000 of my DZZ (Double Short Gold ETN) for $12.16 for a ~ 5% gain.

I think Gold has bottomed here +/- $20.

New long -- Zero & Monsanto

Monsanto, the global leader in agriengineering, is on sale. I picked some up at 54.59. It's got a 2% yield. It's at decade lows.

I also picked up some treasury zero coupon bonds (strips) in the Pimco ZROZ ETF. Price $80.23.

Back in the party

Short with SDS @ 33.50 (200)

Also wrote two SDS Aug 31 Puts @ $0.90

This may not be the end of this little bull escapade but it sure does feel like it.

Begrugingly covering

I'm out of my remaining sds for a loss at $36.


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Changes to shorts

Sold another 200 sds @ 37.3
Bought 1000 dzz (hedge to my huge gold exposure) @ 11.55 with a sell for all of it at 13


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Euro gold pair busted

The Dennis gartmans of the world got destroyed on this one with a near 3% move on the euro and more on gold. That's greater than a 6% loss on a leveraged trade. Ouch. I expect more deleveraging ahead but see this as a buying opportunity for yamama (auy) under $10.


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Sds stops adjusted

Set stops on Remainder of shares (500) at 36.8

Looking for a possible bounce here on employment surprise tomorrow and don't want to be caught too short.


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Lightened up the shorts

Sold 200 SDS @ $39. 16% profit.