Wednesday, April 22, 2009

Got all in on Freeport McMoran

(ticker: FCX) today by buying put options and also entered a smaller bearish position yesterday by buying puts on Southern Copper (ticker: PCU). My other current trading position consists of long term call options on Royal Gold (RGLD). Also continue to hold physical Gold as my core long-term investment and hold a little fiat paper U.S. cash for when the bank failure cascade starts to accelerate (we ain't seen nuthin' yet...).

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