From Friday's PRO Update: "Sometimes, it comes down to pure money management and that is what will be carrying these two trades over the next five weeks." Consistent with "pure money management," here is a first hour snapshot of where current positions rest vis a vis respective 50% trailing stops: Bottom Line: SLV and NEM have violated their -50% hard stops and are subject to exits, in whole or in part. HL has dropped well below its 50% trailing stop level and it too should be exited, in whole or in part. GLD is approaching its 50% trailing stop, but is not there yet. Worst case for GLD: exit if price drops to at or below a 500% gain. To add perspective, these two trades were exited late last week with October monthly expiration: October Expiration We banked 1/2 of these gains and rolled over the rest, per this post. All in all, a very profitable run in the precious metals and select miners. If today's price debacle abates we will consider re-entry into any positions stopped out, but if and only if price patterns are constructive. Two hours after today's open its just too early to tell.
