Silver prices had a little pop offering a $500 profit per contract. I took it since it happened so quickly. I will likely redeploy when /SI Mar drops below 17.80 again. Sold /SI Mar for 17.90.

Selling natural gas future on a small uptick for $430 per contract. I plan to buy it again if the price drops back. It is a great underlying for trading. Sold /NG Feb for 2.172.

TMQ is up more than 43% since I bought this tranche about six weeks ago. South 32 exercised its option to form the joint venture in December ahead of permitting news regarding the access road. South 32 must be very confident that there will be positive news coming on that front.…

I sold the silver future on 12/25/19, but was unable to update the blog due to technology limitations while traveling. I am still long gold and silver, but figured I would take this early Christmas gift on a decent run up. I thought about selling a call against the future…

This trade went in the wrong direction immediately. By following the mechanics of rolling the options, I was able to scratch the trade. It took about a month for this to play out. The market has been on an unrelenting tear which is limiting volatility related opportunities. There is very…