Thar’s Gold in Them Thar Hills
Nice move off yesterday’s bottom for gold/GLD.
We added $GLD at around $395 on Wednesday morning — now trading at $407!
Position: Long GLD (S)
More Trades
Shorted more ($SPY) at $764.01 – moved to small sized.
Reduced further ($GLD) at $403.12 (too much of a move, too soon). Will add $398-$400.
Positions: Long GLD S; Short SPY S
Golden Move…
Sold a portion of my ($GLD) (+$3.55 after being lower earlier, where we added two hours ago) at $400.40.
Back to small sized but I will add back on weakness.
Position: Long GLD small.
Things I Did Yesterday
Here are Monday’s things:
* I reshorted the indices after the market closed last night — $SPY at $767.32 and $QQQ at $717.13.
* I added to my $MSOS common at $4.94 and call long positions (slightly out of the money for September and October).
* I added to $VRNO at $6.12.
* I initiated a very small $GLD long at $405.42 (which I added to overnight at $401.28).
* I added to my $CRM short at $260.24.
* I reshorted the private equity space — $APO at $137.61, $BX at $142.94 and $KKR at $110.63.
* I reshorted $CRWV at $85.02.
* I reshorted $JPM at $356.14.
Long MSOS common VL calls S VRNO S GLD VS
Position: Short SPY (S), QQQ (S), CRM (S), CRWV (VS), APO (VS), BX (VS), KKR (VS), JPM (S)
Long Time, First Time
* Buying gold
I have initiated a long in gold.
I purchased GLD ($GLD) at $405.05.
I plan to average down on any weakness.
More early this week.
Positions: Long GLD VS
Stocks Are Sitting at a Crossroads
Are they oversold or not? Will the chopfest continue or not? We’ll be watching the others to see what could come next.
Jackson Hole and Nvidia Loom, but Don’t Forget the Elephant in the Room
Will things get a little wild this week? Plus a look a close look at gold, the Utes and two potential tax-loss selling candidates.
Two Funds vs. Six: Do More ETFs in Your Portfolio Make It a Better One?
While it’s possible to tilt toward leading asset classes with more funds, it doesn’t always work out.