Wednesday, March 28, 2012

Scurred

I wanted to short copper last night, but it kept falling so fast that I thought I had missed the boat...so I missed the boat.  Instead, I shorted something that hadn't fallen yet, and made a small fraction of the gain I would have made by shorting copper.  I still think we're going to see weaker than expected Chinese growth, which means lower copper; its just a matter of when to get in a short.  I still think there will be good opportunities for doing so.

Short QI (silver) at 32.20, closed at 31.85.  Gain of 4.7%

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