This morning I could not find any indicator as to which way the PM’s might go today, so I took out a small put. My experience has been when nothing is exciting to move the PM’s one direction or the other, they normally go down. Course, I think that has to do with some law of the Bankster Universe which is constantly applying pressure to the downside. 🙂
Just got back to the house after running errands and see that gold has gone up a buck or two. Oh well, can’t win em all. Will take today’s action as a sign of strength in the metals, and hopes for a better week ahead. Especially since the dollar was up today as well. Just get us through all this March Madness stuff, and perhaps the PM’s will mount a serious rally.
Ipso has it right, I was having better luck at fishing than trading. 🙂