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Sunday, December 4, 2016
Long EUR/USD from 1.058. Sold Half at 1.0688.
Short TCK (half covered at 24.41 or so) from 26.44
Short GDX Dec 20 Puts from 65 cents (Indirect Longs on GDX)
Short SLW Dec 18 puts from 81 cents (Indirect Longs on GDX)
Long TLT Jan 122 calls $1.40
The prices may be off at times by a couple of cents as I do this from recollection. Occasionally, my mind will have added the commission, and sometimes I forget about it. This is not an intention to deceive and in most cases the amount will be immaterial. But if I miss something big (unlikely), please bring it to my attention. I will try and update as close to real time as possible but again that may not always be feasible, so don't rely on that.
I think it will be a decent week for Euro/USD (up).
December should be moderately favourable for Gold/Gold stocks. Remember, GDX is still up quite a lot for the year, so people will try and defer selling till January where feasible to minimize taxes. This will be a mild tailwind.
I am looking for $23-$24 on GDX. But as long as it stays over $20 till December expiration (December 16th), I make 3% on risked capital and about 4% on SLW as long as it stays above 18. This may seem like a small amount but 3.5% in half a month is 84% annualized. I take my small victories and add them up. I take what I consider to be low risk trades where my chances of winning are high.
These are my positions, suitable for me. Not recommendations for anyone.
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