RIOM was taken over in a friendly with TAHO yesterday. We
flattened the RIOM position and shaved off some NG to rebalance to
original 5%. Bansksters let us short some calls
yesterday on the little pop, which we closed and flipped short
monthly Feb GDX, 20.5 calls, 1/2 position. Since we're
still long a full postion of 20 Feb GDX puts, this will allow us to
get some of that credit out at minimal risk. I don't see this
yawning gap filling completely this week.
In looking at the last 10 days or so, we can see that GDXJ has
no gaps to fill and is in fact outperforming GDX by 2%. Many
of the developmental plays in GDXJ have been eased down
substantially and are sliding bullishly sideways out of this
maturing fan pullback pattern. We're looking to roll cash
into some of the deeper pullbacks which have been positive in the
last 10 days, particularly silvers look good here. SSRI
on the boil today , gap at 5.50 not filling. CDE much the
same, buyable at gap below. ASM good below $1.50,
also. We like PG.to on any dip, but value and
percentage gains if we get a next leg up into March FOMC appears to
be with deeper value and not momentum. Things like RBY
extended into gap fill at 1.05,, DPM.to gap fill at 3.14 etc
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GDXJ 2015 MODEL PORTFOLIO - REBALANCING FROM RIOM, NG, SHORT 20.5 GDX MONTHLIES
GDXJ 2015 Model Portfolio ... CDE, PG.to new PM highs late last week
Posted by hatefalseweight on 10th of Feb 2015 at 02:15 pm
RIOM was taken over in a friendly with TAHO yesterday. We flattened the RIOM position and shaved off some NG to rebalance to original 5%. Bansksters let us short some calls yesterday on the little pop, which we closed and flipped short monthly Feb GDX, 20.5 calls, 1/2 position. Since we're still long a full postion of 20 Feb GDX puts, this will allow us to get some of that credit out at minimal risk. I don't see this yawning gap filling completely this week.
In looking at the last 10 days or so, we can see that GDXJ has no gaps to fill and is in fact outperforming GDX by 2%. Many of the developmental plays in GDXJ have been eased down substantially and are sliding bullishly sideways out of this maturing fan pullback pattern. We're looking to roll cash into some of the deeper pullbacks which have been positive in the last 10 days, particularly silvers look good here. SSRI on the boil today , gap at 5.50 not filling. CDE much the same, buyable at gap below. ASM good below $1.50, also. We like PG.to on any dip, but value and percentage gains if we get a next leg up into March FOMC appears to be with deeper value and not momentum. Things like RBY extended into gap fill at 1.05,, DPM.to gap fill at 3.14 etc