Long Position on Silver and Gold?

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Originally Posted by roberth

Is this what you're talking about --> http://finance.yahoo.com/q?s=DWTI and http://finance.yahoo.com/q?s=SCO and http://finance.yahoo.com/q?s=USO - The first two are down today but that only matters if you're in short. LOL Taco Smell [Beer]

PMs are up just a touch this morning.

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Those are it. Got out of being short when oil was around high 40s. Thinking about UWTI and USO (going long) soon.

Thinking about getting some cheap TWTR CALLs, when share price hit about 34ish.

Jumping up today.

Gold up almost 2% and over $1215, silver up over 4% and at $17.15. WTI is over $61, Brent is almost to $68.

My prediction of $3 per gallon regular gas by Memorial Day still holds.

already $3 plus here in Vegas

$4.15 / gal for 87 octane in LA.

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Originally Posted by MrPrena

congrats!
Give u a huge props for still long on nat gas etf (or variants).

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Yeah... I'm still down just a bit on average but I doubled down 4 times (bigger each time... which is probably the worst thing I could do with my extra money right now) as it kept going down from $10, so if it gets back to $3, I'll be out of the red. Its been a rough ride, but if it gets back to $10, I'll cash out with about $20K in my pocket. :)

Metals are taking a bit of a digger this morning.

ECB announces an increase in QE...you konw....because it has worked so well....for soft asset people anyway. I'm not one of those soft asset people because I believe in hard assets like gold, silver, ammunition and rifles that use that ammunition.

http://www.ft.com/home/us

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The euro came under heavy pressure and equity prices rose sharply on Tuesday after the European Central Bank pledged to increase its monetary stimulus in May and June.

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The ECB QE is driving people towards the dollar so the dollar is up to 1.2058 while the Euro and British Pound are down.

http://finviz.com/forex.ashx

I could not find anything recent on Japan's QE program except that they're still running along.

Oil is down this morning, so that is good in some respects, not so good for companies that financed operations using the $100 a barrel price.

Ticking upward. :)

ETA - pretty slow day overall. We have a holiday coming up so maybe that's why.

Still waiting for petro to go down , so that I have a lower price point entry.

Greece to default on June 5: http://theeconomiccollapseblog.com/a...deposit-freeze