Short DAX at 7740

Any take on spud wodka?

<img src=http://bestuff.com/images/images_of_stuff/210x600/chopin-vodka-51135.jpg>

 

Scaled out of Gold Long for +$3 and change

Have you participated in my poll yet?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=116892

 

1/3 sold for $7+

 

Long Gold again, sidelines on ES/fDAX

 

Out for a tiny gain, 3 failures, no lift this time, no confidence left in this trade

Short Gold after 4th lower peak

$1 Scale out

Reverse for Long off 3

 

Scaled out 2/3 just under +$4

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1790231>

 

CDS report: “The size of the trades suggests it’s not speculation”


The cost of protecting European corporate debt jumped sharply higher on Friday as the market again buzzed with talk that structured products were being unwound.

People in the market said a bank had bought large amounts of protection in late morning, consistent with the liquidation of a structured product or the sudden hedging of a large amount of risk.

“The size of the trades suggests it’s not speculation,” said Mehernosh Engineer at BNP Paribas. While sudden unwinds have been expected by the market, news that they may now be going ahead nonetheless set nerves further on edge.

http://ftalphaville.ft.com/blog/200...of-the-trades-suggests-it’s-not-speculation”/

Better to be prepared for some weekend surprises...

 

I like to be long here at 6915.00...

 

Holding onto 6950 long pos.