I booked a gain in AAPL. I had purchased it about a week ago and took a 4% profit and ran. With today’s melt up, one would think fucking Apple would be up — but no.
On the issue of gold, we have a situation on our hands here. I am the single best gold trader in the world, believe me. Ask around. I’ve been buying NUGT since $13. All of that shit is in danger of ending here, as the insect metal breaches $1,500 with some alacrity. The issue here are rates. We need some deflationary pressure to scare folks back into gold. With QE in play and markets jogging higher, there is little to no reason for owning gold. As a point in fact, I’d probe with short positions if these levels didn’t recover.If you enjoy the content at iBankCoin, please follow us on Twitter