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Don't get so defensive. It's unbecoming. I never said I thought the market was necessarily going lower over the long term. I guess I should have said that the unintended consequences that will be a product of these policies are what you should be wary of. With that in mind I can "fade" the...

Are people really arguing that the fed is doing things right? All you need to know is that they are embarking on policies that have never worked. I'll fade them succeeding, of course timing is always relevant.

Obvious troll....

Today could possibly be setting up for that S&P short. Going to wait for the housing number to come out at 9:00 before trying anything. Edit: Going to be a no go on the short and that pretty much ends my day. I'm heading to the golf course. :) 2nd Edit: Actually not leaving yet. This...

Game plan going forward is that I don't expect to much to happen in the miners/ gold over the next couple days. I think that the market will more than likely take some time to digest the no taper news. It is possible, however, that we are flattish today and then rally into the weekend/ monday...

Glad to hear you made some progress and think that the time off was well spent. Look forward to watching the vix flies. The vix is a product that I haven't spent to much time on but have always been interested in. Good Luck.

Ok so here are my updated positions LONG 4 MGC @ 1339.96 LONG 1 SLW Oct. $25 call @ 1.30 LONG 2 SLW Oct. $26 call @ 0.93 LONG 2 SLW Oct. $27 call @ 1.17

Thanks. I was wondering if you were out or not. I saw that it had tagged your stop level.

Long one last mgc @ 1360.30. Rounding the total out at 4. I'll update later on the whole sha bang and what I think going forward. I will also update all open positions.

Was wondering when you were waiting to come back. Glad to see you back.

Added another lot at 1343. 70. I also added a 2 OCT $26 slw calls for .96. Sorry I was a little late on reporting those fills but I'm obviously more concerned with the market action than posting in here.

Added one lot to mgc at 1334.70. Will add more if we stay up this high by the close probably just another one lot and will probably also buy more SLW or gdx.

Still long, the same positions and didn't do any trading today. Also, won't really do anything until after the fed meeting tomorrow.

Dude, just get out of the thing. Don't turn it into a covered call. You have already made a big mistake, get out, wait a few days, and then start working out why you made such a colossal mistake. It won't feel as bad once you are out of the trade.

Out of the 2 of the SLW calls today at 0.98 still holding one and the mgc one lot. Just cutting size as I didn't think today's action was particularly bullish and reducing risk in front of the next day and a half is important. Positions: Long 1 OCT. $25 Slw call @ 1.30 Long 1 Dec. MGC @ 1320.

I thought hafez was one of the legends on this board? I've seen him swinging huge positions and barely having any losing trades. I've actually seen a fair amount of people calling him "the pit bull". I think he was a VERY large pit trader at one time. I'd be careful fading this dawg.

One of the reasons I never take off early on Fridays is that a lot of weird things can happen Friday afternoons. I just got long a 1 lot of mgc at 1320.80 and bought 3 Oct. $25 Slw calls for 1.30. Last night and yesterday I went and reviewed what my mistakes had been the last week and a...

Not doing anything today, but looking at GVZ vol is pricing in the possibility of another Apr./ Jun. type move. I think this is highly unlikely as it would be extremely rare to have three panic moves in this short a span of time especially now when the commercials hold most of the longs in the...

Playa's gonna play.

GLD ATM straddle on the Sept. 20's is 4.00. Vol is starting to get pretty cranked again. GVZ at 25.00