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Thanks Magna... there's always more relevant info to gather, and I hadn't seen that. Maybe I should point out my risk/reward ratio here as well: I'm now long December '13 gold futures puts of the following strikes: 1400,1350,1300,1250, and 1200. So if I'm right about this and I don't prematurely...

"Are you using any hard or mental stops? If so, how far away are they?" ---->I never use hard stops for any reason, ever. If the position starts to feel wrong I get out, and putting a specific number on 'feels wrong' isn't easy to do. Since I'm long illiquid far-month puts, you can bet that I...

"Mr. Metal, how low do you think silver will go?" ----->Low 20's (at least) by the end of the year. "Why?" ---->Trend following hedge funds loaded up long metals during the lengthy bull market. Gold especially is very vulnerable right now. Also, I believe bond yields can't possibly stay...

Short Gold: Spot= $1587.20 Short Silver: Spot= $28.00

I actually believe that following the news is important, just because complex news stories are the one thing that <i>they*</i> can't code. Just take last week's big Japanese announcement for example. *"Them"= The damn HFT algo bot dudes, who have totally ruined most of the once lucrative...

Just in case anyone's taking my calls seriously, this is no longer much of an uptrend at all in spooz, so with the $VIX down where it is and May coming up soon, I'd <b>no longer recommend buying the next dip.</b> The strategy was good while it lasted though.

Good to know! IIRC, Silk is one of the few here who knows his shiite.

100% fail is WAY better than 50% fail! I know I'll put my full attention into continuing to follow these calls...

With the way I'm able to nail call after call here, you'd think some high-level Chicago area trading group would recognize my value and scoop me right up... but alas, I still work solo and still have my eyes wide open looking for a local, uber-successful trading group to join. Yeah, I do come...

You misunderstood me- I wasn't expecting a massive drop like from the '07 peak either. I'm actually expecting pretty much the same thing as you are- 10% down or a bit less.... but very soon. I just think the $VIX being where it is, plus the whole seasonal May thing... well, you know. While...

Cutten, while you totally just gave me an 'Oh shit! He could be right' moment, the right question to ask next would probably be: "Was the 2007 new highs and then plummet pattern typical, or was it an anomaly from an historical perspective"?

IMO, the fed chairman doesn't even have the <b>ability</b> to save our empire in decline. Only a return to Laissez Faire policies can do that, and only congress has the power to enact such.

The first one. Except for that I like to keep at least a tiny (practically symbolic) open position long at all times, week after week, so that I'm never fully completely flat or disengaged from the uptrend. Basically I'm always long, but also always playing around with the position size. It...

Well, it might be helpful for you to know that my opinion is still the same thing it was when I posted it right here on March 5th.

Kind of, maybe too high- Didn't even pause to think about it. I didn't come here looking to place bets. I was really just calling out Nitro for saying shit here he doesn't even truly believe himself. I'd never do something like that, would you?

1561 touch? Why not... I'd probably take it. (It was higher than that today already.)

But he doesn't mind it one bit, and for that I sort of envy him. You see, Nitro is the single most optimistic grown man I have ever met. For real. ...and I find his comments rather useful. I'll pay attention to anyone who can call trades that are usually right or usually wrong with any...

People always call me egotistical, and of course they are correct. But is that really such a bad thing? If you had any ego at all, you would have <b>never</b> put a 75% chance on something and then refused an even money bet. It doesn't look good.

You're really going to pass up a 75% chance to double your money?! I'm shocked!

You're not bluffing? Because I'm sure as hell not. I have no interest in 1572 though. The deal is: Binary option, $SPX hits 1520 by the end of the week. You have touch, I have no-touch. $1,000. Are you in? Remember, this is not a joke, and not theoretical. We can settle up over the...