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Like most people who end up with their own blog, I have become overwhelmed with the job of managing information. I subscribe to numerous feeds and literally swim as hard as I can just to stay up to date. Many people I know have asked about where I source my news and commentary and it becomes an awkward, unwieldy experience trying to encapsulate a cogent reply. So this blog is my attempt to point people to a single place where information I follow flows. My blog list is very extensive and I have tried to whittle it down substantially. I am also on the prowl for more blogs, therefore all recommendations will be highly valued! I have daily feed straight to this site some of my favorite content. Daily review of Mish Shedlock, Nathan Martin, Jim Sinclair, GATA, and Martin Armstrong are essential IMO and will be posted here. Also, I endeavor to provide weekly Technical Analysis of Gold, Silver, US Dollar, and select markets. I hope to provide some with an exposure to technical analysis, and at the same time hone my own skills. Also, I will be adding commentary to the daily feeds from other sources. In time, this will be the primary focus of my blog as frequent visitors will channel feeds appearing here directly to their own sites and will come here for either analysis or commentary. I hope you find some utility here and it serves you well out there in the Matrix!

Monday, May 3, 2010

GDX May 48 covered calls up 25%

3 Mo: "

via StockCharts.com
"
The covered calls worked like they we supposed to today, at one point the trade was up 25%.  Not bad for 1 day.  The divergence is still present in the chart, so nothing today has really changed.  It was a strong pullback followed by a pretty good rally of the low.  That leaves us with a potential reversal candle.  Reversal of which trend?  The uptrend or the 1 day old trend lower?  I do not know, but I will watch tomorrow for a clue. 
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