I haven’t done one of these updates in a month, because tight trading ranges are the sandboxes of imbeciles. Having said that, a fortnight ago, I went long gold with 26% of my assets. Last week, although uneventful, I did receive my monthly dividend in TLT, which reduced my basis to $118.6.
For the month of August, my short in FCX traded down 15% and TLT was flat. Overall, the SPY was about flat for August.
There weren’t many notable readings from the algos last week, aside from them hating on the fucking French. EWQ is flagged as overbought.
Let’s hope for a more eventful September and the complete and utter destruction of French markets–just for the novelty and fun of it all.
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Long live Jake Gint
Appreciate it, but I’ve been buying FCX on the dip, fwiw. ?
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