I did just what I said yesterday, took 500 DDM around mid-morning, scalped half of them when I saw it wasn't going to make 24.
Bid way down low on some gold and missed. It had a nice reversal yesterday.
So I come in slightly long today. It's hard to think of my portfolio as being either "long" or "short".
SLW reports today. Could be an opportunity if it has a miss. But the run in the PMs is looking a little long in the tooth to me - straight up from 750 to 950 is a helluva move, and you want to take some chips off, if only as a matter of good money management.
A piece of anecdotal evidence for the long side:
AAII today showed 21.64% bulls and 56.72% bears. The last time bullish percentage was this low was about a week before the July lows; prior to that, about a week before the March lows. The last time bearish percentage was here was - shocker - at the November low.
Jobless claims probably won't move the needle today.
Position here is cautiously long. In Toddo's nomenclature, 1 leg in the hoofy suit.