Platinum confirms the move above $2000. The chart looks like a rocket ship. Gold is lagging and is actually down today. The platinum run is fueled by supply concerns and electricity cutbacks in South Africa.
The stock market looks tempting to buy into. However, I have the nagging feeling that a lot more shoes are going to drop. Calendar seasonality points to the likelihood of more down days in late February. The caveat is that seasonality hasn't been worth much during this bear phase. All the puts I have sold and then bought back for Feb expiration look like they would all have expired out of the money today. In hindsight, I would have done better keeping all the positions, instead of closing them out for tiny profits. Trading is always easy in hindsight.
No open positions in my trading account.
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