This is the regular portfolio update I had planned to make, even though I made an unplanned update last week. I did not do anything else today with FXA other than what I described last week. My covered calls on FXC were assigned and the shares were sold away. I bought them back in a wash sale and renewed the covered calls. My covered calls on all of my GDX holdings expired unexercised, so I renewed those again. My covered calls on FXF expired unexercised, and I renewed them.
Nothing else has changed. I still have a pile of cash and a long put position against FXE. I am still hedging for the possibility of hyperinflation. It is a long, lonely wait and I couldn't care less. There is no penalty for being early when the alternative is to ride a panic wave down with everyone else. I would rather be long hard assets and stable currencies while other fools chase artificially pumped returns in conventional stocks and bonds.
I need to remind all of you idiots once again that none of this commentary constitutes financial advice. I disclose my actions as a favor to the general public because you people should admire my genius. I am not the least bit interested in what other people do with their own money.
Nothing else has changed. I still have a pile of cash and a long put position against FXE. I am still hedging for the possibility of hyperinflation. It is a long, lonely wait and I couldn't care less. There is no penalty for being early when the alternative is to ride a panic wave down with everyone else. I would rather be long hard assets and stable currencies while other fools chase artificially pumped returns in conventional stocks and bonds.
I need to remind all of you idiots once again that none of this commentary constitutes financial advice. I disclose my actions as a favor to the general public because you people should admire my genius. I am not the least bit interested in what other people do with their own money.
