I am still long a put position against FXE. The euro is toast and I don't need any dingbat currency traders from FX Invest West Coast to tell me it's poised for a comeback. The treasurers of multinational corporations with European operations have hedged their euro positions and moved bill-paying cash to other currencies. Hedge fund suckers who are long in euro holdings will eventually be left holding the bag.
I'm tempted to buy more GDX but I remember my sentiments from last year to wait until it eventually sold away. Gold is not as effective for hedging against inflation as a broad basket of hard assets. Given a choice between buying more GDX or conserving my cash to buy other hard assets, I'd rather sit and wait. The hard asset REITs I evaluated recently, specifically PSA and RYN, are more appropriate for me than more gold.
I also need to reiterate that none of this constitutes investment advice. I don't give investment advice and no one ever took my advice when I gave it anyway. My blog articles are only about what I do with my own money.