Hi Silverbear!
How are ya?
I haven't been posting much as I have been very busy helping a friend with his home construction out in the hills...
Anyways, I switched from my short-term bearish stance a couple weeks ago when I saw the divergence occuring in the daily chart, and decided to go long-term with a Dec. call option waaaaaayyyyy out of the money, lol! And I still have much of my physical too thank goodness! :) And a bit o' gold too...(just physical)....
Switched just in time, my call option has tripled :) Good thing, I lost a bit holding puts waiting for a dip to $28 that never materialized....
Metals look super bullish to me short, medium, long, very long term at this point......I think Dec. si. contract could hit $100....who knows...I'll be out way before then, just looking for $65....I will buy a short term put to hedge at the double top at $50 though just in case..... 'IF' we get there....
Now I hear the gov. is considering eliminating the debt ceiling? At least some have advised this directly to the president? LOL!! (paper money...what to do, what to do...)
Also still have 2 Aug. 450 natgas calls I have been holding for a month or so (what a yoyo ride THAT has been!)
Anyways, hope all is well with you and yours,
Cheers! :)