Maybe today’s the day that tips the balance from confident bears to confident bulls. It’s what we need to reset the pendullum to get on with this drop. I was short from 1098 last night to 1089 this morning, where I reversed the position (which makes me flat, on account of a healthy long-term put portfolio):

Source: Interactive Brokers

-

I also went LONG some silver this AM, since it’s tested and held at the $16 level. Would be nice to see some risk appetite come back to gold and silver and to see some more decline in the dollar. I’m the biggest dollar bull anywhere, but a continued ascent from here without more of a set-back just feels too easy.