Trade Alert : IAU GLD SLV USO

I said we would enter into these positions, but today we made no moves. These stocks have had great runs with no real pull back, I keep thinking that the metals and oil will be getting hit soon yet they give nothing back. That's OK we have not lost a cent we don't want to get caught. We are long a full position of GLD if it falls back I would rather hedge by shorting IAU than get out of GLD. Similarly with GDX we have had a couple of successful covered calls if it sells off we will sell another one. To play oil I may want to short some OIL as the stochastics are above 80 and rolling over. We may even take a full position of USO and hold it forever and short OIL for they minor pullbacks.