Disliked{quote} ABX closed at $16.60, my option went as high as $1.56 before closing at $1.43 but closed earlier at $1.28 giving me a return of just over 18x my investmentIgnored
Awesome, CG. I wanna git me one a them. I too am inclined to sit on my hands the remainder of the week but will of course be watching thru tomorrow. Also I am inclined to foretell a bounce of gold similar to the rebound we saw after the big April takedown, but I ain't jumping in any related trades. I bet we could see a pretty quick falloff in volatility and there will be a VXX put trade to be made, but I am gonna try not to jump the gun there. Watching Asia, I think the China interbank rates news may not be as disruptive as some think, but we'll see.
...I already see gold sliding a bit more in early Asia.....
"If The Fool persists in his Folly he will become wise." - William Blake