RM's occasional market calls...

So I have actually exited nearly half of my gold put collection this morning. Current gold price: $1235.50.

I can always buy them back later if need be, but gold has already fallen very far, very quickly, and that extreme volume in the overnight action is scary for a gold short like me...
 
Quote from Rearden Metal:

Yeah, I've sold <b>more</b> than half of it (gold puts) now. Pigs get slaughtered and all that...
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h455A97FD



Nice trades dude!

Whats your thoughts on the market as a whole? These last 3 days have gotten me heavily short on the spys.
 
Quote from Max E. Pad:

Nice trades dude!

Whats your thoughts on the market as a whole? These last 3 days have gotten me heavily short on the spys. [/B]
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Thanks! I can see the logic for building SPY/ES short positions right here, and even considered doing it myself today. I'm staying flat SPY/ES over the weekend, but if I did take a position right now it would be with you, not against you.
 
Quote from Rearden Metal:

Thanks! I can see the logic for building SPY/ES short positions right here, and even considered doing it myself today. I'm staying flat SPY/ES over the weekend, but if I did take a position right now it would be with you, not against you.
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hi,

at what price and you went short on gold ?
 
Quote from Peternam:

hi,

at what price and you went short on gold ?
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Many different prices all over the place, but I called out three in this thread: $1,4-something(flip back a few weeks for the exact price), $1,381, and $1,293.
 
I'm now increasing my ADT bear position, which is getting pretty sizable. Current price is $40.87, and I plan to hold until after they report their (hopefully) disappointing earnings on July 31st.
 
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