Yikes well I fucked myself over very nicely with TVIX
So now I have two choices, hang on to TVIX and wait.. for god knows how long.. or eat the loses and get back into something commodity based and wait for the sector to recover...
I am very bullish on YNG, and have considered moving the 80k I have tied up in TVIX into them... mind you it's not 80k anymore lol more like 50k.
So does the rally continue? IMO the fundementals just aren't there to support a long term rally, I think the leading indicators have been mixed lately, but mostly negative in the sense that we are clearly seeing growth slow down.. so is it a slow down or a gradual move to a contraction?
These mixed feelings in the market is what leads me to have a lot of interest in gold producers, I don't feel that gold itself is under valued but I do believe many of the miners are.. YNG is priced as a JR right now and it's anything but... but getting into the land of such limited diversity is of course, rather risky.
I took a risky risk on TVIX against the Greek election and the Eurozone.. it didn't work out.. mehhh. Maybe next time