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Out at 1696.75. Don't want to hold this too long as to me I am fighting the slowing momentum on the higher time frames. Probably could have taken profits a little sooner and made a tick or two more but wanted to give it a chance to be a big winner.

There's my bounce. Long ES @1692.00 stop @1687

A sustained rally that lifts gdx above it's close yesterday would be very interesting. Still not doing anything and very surprised by the spx weakness. I thought for sure we would get a 10 pt. ish rally today.

I expect further sell-off in the metals and also will be looking to possibly get long the S&P here for a short scalp, maybe a day or two. Edit: Actually still not sure on the metals, looking at them it's def possible we rally out of the lows.

This thread has just gone full retard.

Yes because digging in and averaging down past your stop point is how you last 3 decades. You always want the most size on when you're losing! AM I RIGHT?!?!?!?!?!? Cool story, bra.

Not seeing much I'm interested in here today and will not be doing anything today in the PM's and PM miner space. I am starting to consider looking at some shorts and maybe an S&P short but I am going to wait and sell a rally if I can. A lot of garbage has shot higher here in what I assume was...

Start of the week probably won't do much as I'm still bearish to neutral on gold right now. It's possible that there could be a decent possibility for a short later in the week but it's sold off to much the last two days for me to short it here. I think gold is going to test at least the 1275...

Out of my fb puts @ 1.70 Ended the week down 2.8%. That sucks considering I was on the right side of the market for the fed meeting.

Weekly ATM straddle on gld selling for 3.00. I might put on the 123.5/ 128.5/ 133.5 iron butterfly here. Not positive on direction though as I think it's possible we trade lower next week. After getting flat, I have switched my overall bias to bearish/ neutral as gold should have been in...

Out of all my SLW 26 calls @ 0.91 25 call @ 1.38 I have to be honest I've never really seen anything like the PM's are trading right now. For example GDX trades record volume on Wed. on obviously very bullish news and gains like 8% then trades all the way back down in two days...

Puked on 2 lots of the MGC @1331.40 I have to take some off to mitigate risk.:D Probably selling the lows so if you were waiting to buy I'm sure it's a good time.

Bought 2 FB Oct. $46 puts @ 1.99 Going to add if we go lower. Will def be peeling off some risk in my gold/ silver longs if we continue to puke. I just don't want to be really long going into a friday unless I'm sitting on profits. Edit: Sold the 2 SLW OCT 27 calls @ 0.58

I don't really use targets, but I think the 1665 area on the dec. futures would be your best bet. Also, I think it's a decent short but for this journal I'm not going to sell it because I just haven't seen the negative correlation between the S&P and gold that I would like to see.

Also, a part of me still wants to go big swinging dick and get short the S&P here but I think I would be putting to much risk on the table.

That's possibly correct. It's also opex today for equities. It also makes sense that the market is just punishing those who were to late in buying. It's kind of perfect, in that first the market punishes all the shorts on wed. and then comes back and punishes all the longs today. My...

Still sitting on everything. I might be very long and wrong here. Plan on lightening up into the weekend if things continue to look worse.

Lol nice peg... I should have known when he was pumping his own calls in another thread.

Did nothing today and still in the same positions. Still not convinced that the S&P isn't weak here but I'm not convinced enough to make a trade.

It could be multiple things. It's not really that simple but I would assume at some point we are either going to have high inflation, high interest rates, or both.