"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Thursday, May 5, 2011

Insurance policy canceled

With the 'capital preservation' portfolio booking a 180% 5 day gain and the risk environment greatly reduced in silver - for the near term at least. The intention was to hold these October dated puts indefinitely and as needed. Well now, I not longer perceive the need. I will consider re-insuring on any significant rebound in silver.

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