FAZ is well up today so I am taking some profits. Not much to say here.

They have done a good job knocking Gold over the last couple of days so they can probably bid the stocks back up from here but I am holding my FAZ position as the next "event" may come from Europe and that is not something they can control.

I still do not like this market so I ended up taking a day trade profit and going back in again.

Markets seem to be showing strength so I sold FAZ with a small profit.

Month end and all that - thus a sudden burst of buying to stop a sell off. FAZ closed down on the day but ahead on my purchases so I am still with it.

Another rally from nowhere.  I am going to sell into it as I would rather be short over the weekend than neutral.  If nothing happens over the week end and they continueto bid things up I will cut my losses.  As I have said several times:  It is stupid to fade the tape (aka FED).  Gold and Silver are beginning to look very strong so I wouldn't e surprised if they do another bear raid - if they do I will add to my physical position.