Monday, May 2, 2011

May Money Matters

5/2/2011 - Silver is high and volatile.  SLV dropped hard today.  Cummins (CMI) and Caterpillar (CAT) Millicom (MICC) may be done rising.  Cliffs (CLF) is heading down.  Crown Castle continues its drop back to support.  PPH the Pharm index is nonstop up and definately needs a breather -- either stop out or hedge with a PUT.  Same for Merck (MRK) only it is about done filling the gap.  ABX is heading down again, however it never saw the highs of the other gold issues, an interesting factor is the high amount of volume.

5/18/2011 - The SLV PUT worked out well.  Exiting the trade early didn't full capture the move, but who expected such a dramatic fall for the shiny metal. 

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