This month's portfolio update was extremely simple. All of the options I wrote last month expired unexercised. I renewed the short covered calls I typically write over GDX. I tried to execute some other option plays but for whatever reason they wouldn't take in the system. Perhaps that is just as well. I won't try again until after next month's options expiration weekend. I expect the U.S. equity markets to become extremely unstable as the eventual effects of quantitative easing, the fiscal cliff, and the eurozone's insolvency become obvious.
I remain long GDX, FXA, FXC, and FXF, with no other equity positions. I have the rest in cash. I have no fixed income exposure because I don't want inflation to destroy my net worth.
I remain long GDX, FXA, FXC, and FXF, with no other equity positions. I have the rest in cash. I have no fixed income exposure because I don't want inflation to destroy my net worth.
