Selling continues in several stocks that I own, BAB (British Airways), PDLI (PDL Biopharma), ABX (Barrick Gold), AMD (Advanced Micro Devices). All of these are hedged positions, meaning I have sold the calls and own the stock. Down days are not pleasant, but more painful for those who own the stocks or calls. When the rain starts coming down, being hedged helps keep me dry. Now if the storm turns out to be a hurricane, then the hedge gets blown away with everything else.
Gold is hovering at $550 support, silver at $10 support. My gut tells me that support will not hold, but I rarely place real money on the line on that basis alone.
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