I did. I didn't realize both GLD and SLV were both up as you posted this. Now both down? Any ideas? Advice? Hold the line? I'll make the adjustment to the UA trade (I thunk you straddled) so that anyone who wants to check can have an idea of what the contracts traded for at the time you put the trade up. Good luck with UA, good luck with USO too. :-) See, I'm not picking on you. I'm asking resonable questions that someone following you via your trades (your true measure of success) would do it? Will you let us know when you take the hedge in UA via your blog...or via a post here at steemit? And why did you log the UA trade as a call trade when you have it showing as a straddle at your web blog? Color me >>> Confused! :-)
https://www.traderschoice.net/money-page--stock-picks.html
It "might be" a good idea to just delete the entire part where you say >>> "Each position at teh right should be opened as a straddle....." Just a suggestion of course. I'm trying to make things easier for you I guess.
joe - the carry trade for gold/SLV/GLD is the USD/JPY; it is nothing to do with the DXY. Look at the chart below I have just done. It shows gold is THE carry trade for the USDJPY; they simply mirror each other.
It only looks that way right now but then if that is the case ...using "logic"...if Greg agrees with your opinion then he should be closing both his GLD and SLV longs right now or hedging them...since he already admitted (altho I'm sure not all here knew) that he closed out the short sides of those trades. I'll just let Greg say what he wants to clarify things and I wouldn't be surprised if he doesn't reply or address it at all. It's a very difficult conundrum to figgr out. I have my opinions logged at my blog btw. I don't bring my trash to Greg's place becuase most of the time Greg's trash is my next great trade. :-)