Where the hell have I been?

Buried under the burdens of the working man, that's where.

Short post as I need to get the creative juices flowing again, and purge myself of the latest silver market crash. 

How have I done?  The reason I am sharing this is that one of my main purposes of writing this blog was to share, or force myself to write about my investing shortcomings, or share my experiences.

Short answer, I've done OK. 

Longer answer, I did it through lightening up on my PM portfolio and buying put options on SLV and SIL during the Mad Hatter's crazy ride down to 37 or so.  I subsequently have entered into many PM positions in the last week or so as I believe this market is oversold, and the belief that we are still in a long-term bull market in gold and silver.

Did I lose money, sure.  But a lot less that I would have if I had just bent over and took it up the you know where.  These big banks know how to move silver fast, and an asset always loses money faster than you gain it. 

My suspicion is that the dollar rolls over in the next couple of days, and we will get another shot at 1575 to 1600 for gold, before we have the D wave correction which takes us back to the 1200 level or so.

So, my plan is to get about 80% invested again for this mini-jump back to test new highs, and then liquidate back to 40%, and hedge with some put options again.  I think once August gets here, we'll be headed back up with the official, or unofficial announcement or discovery of QEIII.  Seriously, who is going to buy our debt, when the US must issue about $3 trillion (or more) in the next year.  Remember, you have new debt, and the rollover of maturing debt to deal with.

I'll do some charts another night, but I will say this:  If you have cash, now would be a good time to start nibbling on quality gold and silver stocks.  The next week should be somewhat forthcoming in determining if we are to see a new rally in the PM market for the next 2-4 weeks.

Until the next time...

Fiat Doubter