Get ready for another market takedown
Posted: Wed Jan 18, 2012 7:59 pm
Options expirations is Friday. It wouldn't surprise me at all to see them take down gold $80 and silver $2 I'm hoping they don't of course, but if we have a price spike on Thursday I may sell some positions in anticipation of a pullback, and then replace them after it occurs. Watch the share volume of DGLD (Velocity Shares Triple Inverse Gold) tomorrow and Friday the first half hour that markets are open and you'll get a tip-off as to whether a pulldown will be attempted.