Long live yellow

Out of my gold shorts for a 4.3% loss. My gold miners more than made up for it. Next target $1450.

Sold Verizon for $32.40, a handsome 27% total return. I'll buy back VZ back below $30.

Sold Silver Wheaton (SLW) at $27.20 for a breathtaking 45% return in 2 months!!

Will write some in-the-money puts on SLW in the meantime.

Gold topping

ST top is in on gold, $1364. First pullback is to $1300.

Bought 1000 DZZ at $8.99 to hedge some downside risk (not all, of course).

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.