Cash S&P's now near danger area

Jim Welsh went short the S&P's this morning, not long after the open. If it gets above 2760, he'll take the loss.. He's looking for the mkt to go below Feb lows.

He does often lean toward the bearish side.

C L

These 2 took positions in the GLD today, at the close, and are going to start easing into the GDX and the GDXJ... They think the low in P M's is close at hand.

I don't trade the metal sector any more, but did for many years.

That GGIFF that I posted about has made a great % move, and think there's more to come, they are just starting to drill a huge Ni deposit.

C L

Cash S&P at the moment is 2,746.87 - so they are slightly underwater, for the first time, on this trade.  I'll find out what their outlook is, at this level.

C L