Here are today’s things: * I covered a lot of my Index shorts: $SPY at $769.38 $QQQ at $739.9 * I added to my $GRNY short at $28.45. * I reinitiated a $GLD long at $392.63. Position: Long GLD (S); Short SPY (S), QQQ (S), GRNY (L)
Read in context ›SPDR Gold Shares (GLD)
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148 articlesDaily Diary Mentions
37 mentionsThings I Did Today Gold Plan I don’t believe I can time the short term bottom in gold so I have taken a started position in $GLD at $393.01. I plan to buy slowly on a scale lower. Position: Long GLD VS
Read in context ›Stay Tuned If $GLD leads $SPY as I suggested it might, the strength in GLD augurs well for stocks into the expiration. Position: None
Read in context ›In Case You Missed It (My Gold/SPY Post) I posted this last night (many missed it) about $GLD correlating to short-term moves in the S&P Index $SPY. So far, so good, with S&P cash -14 handles this morning: Post Script * Looking at correlation between GLD (leading) and SPY (lagging)… Not exactly an awful close, but the S&P Index did fall about 11 …
Read in context ›Post Script * Looking at correlation between $GLD (leading) and $SPY (lagging)… Not exactly an awful close, but the S&P Index did fall about 11 handles (as GLD fell by over -$3) —modifying this post: Just Wishin’ and Hopin’? Just a quick observation. Gold seems to be moving with equities. Actually it has been moving slightly ahead …
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