Ouch! This is my worst day in many moons. SLV, GLD, GDX lead the losers, but almost all my positions took on heavy water.
For now I am holding on to all my positions. I may roll out the short TBT May 34 puts, same with some of the other puts for June, if they are come into the money.
I out thought the room. I posted those warnings on Sunday about silver, and thought with that with so many warnings, there was little chance of a melt down. Sometimes the pundits get it right, and those that like to fade them get punished. Ouch.
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