Well, the trend is your friend and the trend I've been seeing is a bubble deflating in some commodities, especially gold and platinum. After continued weekly declines in my 2X Gold
ETF DGP and the
Stillwater Mining (
SWC), which derives a substantial portion of revenues from platinum, I decided to throw in the towel.
To capture some gains, I sold a few shares of Google after a nice
runup and my oil play banking on a downward move has payed off.
A few weeks back, I entered into some
synthetic options plays on oil and I started to get nervous as it approached $120 per barrel that I was going to get toasted, but at $112, oil's actually below the price where I started the position ($113), so things are moving in the right direction there.
Next up...
High Yield Munis. Deal of a lifetime in some of these. Some of the ones I posted on recently have payed off nicely already but I think there's still room to catch the
runup, plus the tax free 6% yield to boot.
