I've increased my shorts, buying on the small 1-3 day bounces. Now I'm 24% short. Most likely we get a crash into the next month. Lower prices beget selling, as hedge fund redemptions start, till finally everything gets sold.
So I'm still looking to short more on bounces. We are so oversold, we could get a rally first.
I've cut my gold position, from 10% to 4%, taking a small loss. Gold has not been doing well, even in a falling market. Maybe its because interest rates are rising. Maybe fear from the Ukraine war has died down (sell the news). I don't know. Sell first, ask questions later.
Sometime, it will be time to buy stocks. Don't know when.
No comments:
Post a Comment