It's time for another portfolio refresh. All of my covered calls on GDX, FXA, FXC, and FXF expired unexercised last weekend. I renewed all of those call options for another month. It's nice to pocket a little bit of cash once in a while. I have not changed my reasons for holding some exposure to gold mining and foreign currencies. I am not confident that the Federal Reserve's experiments with the US dollar will end on a happy note.
I continue to hold a long put position against FXE. I still do not think the euro will hold together in its present form over the long term. I have several months until this position expires, so I will review it each month in anticipation of a sale prior to expiration. I would rather pocket a gain then let it go to waste.
I have not initiated any other positions this month. I remain interested in timber REITs and public storage REITs as additional hard asset hedges. Frankly, I remain interested in several mining and energy plays as hard asset hedges but very little in the markets is attractively priced right now. I never overpay for anything.
I continue to hold a long put position against FXE. I still do not think the euro will hold together in its present form over the long term. I have several months until this position expires, so I will review it each month in anticipation of a sale prior to expiration. I would rather pocket a gain then let it go to waste.
I have not initiated any other positions this month. I remain interested in timber REITs and public storage REITs as additional hard asset hedges. Frankly, I remain interested in several mining and energy plays as hard asset hedges but very little in the markets is attractively priced right now. I never overpay for anything.
