The very first chart I did this weekend, out of the 61 charts was the VIX. I made the point that what we’d want to see is a cessation of the “lower highs” that had been plaguing the volatility index for so long. Well, we got it.

As for my own portfolio:
- I have trimmed down from 60 positions to 48;
- Margin commitment has dropped form 230% to 173%
- I took profits on half of my GDX calls




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